Filing a Nebraska Corporation
Many of those looking to form a business find a Nebraska Corporation appealing because of the many benefits it offers. Registering a Corporation provides tax benefits to owners. It also allows owners to gain credibility with customers. However, there are many steps required to form a Nebraska Corporation. Owners should make sure that they take the time to complete each step correctly.
Steps When Filing
Choose A Name
The first thing that new owners must do is choose a name for their Nebraska Corporation. The state of Nebraska requires companies to include an indicator in their name such as, “Corporation,” “Company,” “Incorporated,” or “Limited,” or a similar abbreviation, such as “Inc.” Additionally, owners must make sure that the name they choose is unique to their business. No two companies in Nebraska can share the same name. The DoMyLLC Name Availability Check Page can prevent this from happening.
Choose An Agent For Service Of Process
After choosing a name, owners should then select a registered agent. The registered agent is responsible for accepting all legal correspondence on the company’s behalf. As you can imagine, this position is integral to the company’s success. For that reason, many owners choose to hire a professional third-party company, such as DoMyLLC to serve as their registered agent.
File Articles Of Incorporation & Pay Filing Fees
Once owners have chosen a name and registered agent, they can move forward filing the Articles of Incorporation with the Secretary of State. The fee structure for filing this document is based upon the amount of capital stock the Corporation is authorized to issue and is as follows:
- $0 – $10,000 of stock requires a $60 filing fee plus an additional $5 per page
- $10,001 – $25,000 of stock requires a $100 filing fee plus an extra $5 per page
- $25,001 – $50,000 of stock requires a $150 filing fee plus an additional $5 per page
- $50,001 – $75,000 of stock requires a $225 filing fee plus an extra $5 per page
- $75,001 – $100,000 of stock requires a $300 filing fee plus an additional $5 per page
- Anything more than $100,000 of stock requires a $300 filing fee plus $5 per page
Additionally, prospective owners must include vital information in the Articles of Incorporation, such as:
- The name of the company
- The perpetual existence of the Corporation
- Number of shares the Corporation is authorized to issue and the Par Value of each
- Name and address of the registered agent
- Principal office address
- Name and address of the company’s directors
- Indemnification information
- Purpose for organization
- Name, address, and signature of the incorporator
File Initial Report
The state of Nebraska does not require Initial Report, but owners may need to file them later if expanding into other states.
Create Corporate Bylaws, Appoint Directors And Hold Meetings
Members of the Nebraska Corporation will need to hold an initial corporate meeting. In attendance at this meeting should be the directors who were listed on Articles of Incorporation. These directors will serve in this capacity on the board until the next annual meeting of shareholders, where directors are up for re-election.
Once in place, the board can draft corporate bylaws and define the roles of officers, and elect officers. Bylaws are an internal operating manual. They are integral to corporate compliance, as a Corporation cannot exist or conduct business until the board of directors has adopted bylaws. Corporate bylaws are private, although many banks and insurers wish to see them before entering into a working agreement.
The Nebraska Corporation must also issue stock and open a ledger at the initial corporate meeting. The board of directors is responsible for issuing stock throughout the life cycle of the company. The Articles of Incorporation should define how much stock the board can issue. The ledger is critical, as it protects the corporate veil and provides transparency to investors.
Obtain Employer Identification Number
Members of the Nebraska Corporation will want to secure an Employer Identification Number from the IRS so that they can file taxes, hire new employees, and open a business bank account.
File Nebraska Required Biennial Reports
Every other year, the Nebraska Corporation will need to file a Biennial Report with the Secretary of State’s office. It is due by March 1 on even-numbered years. The filing fee is based on property value but will be no less than $52. Learn more at our Nebraska Biennial Report page.
The organization will need to file state and federal taxes each year and renew all licenses and permits.
How DoMyLLC Can Assist With Streamlining The Process
At DoMyLLC, we provide comprehensive administrative solutions for directors and members of a Nebraska Corporation. Our services include:
- Name availability check
- Prepare Articles of Incorporation
- File Articles of Incorporation with the Secretary of Nebraska’s office
- Provide sample bylaws, meeting notices and minutes for meetings
- Dedicated account manager
- Unlimited customer support
We can handle your administrative needs so that you can grow your business. Be sure to contact us today to learn more.