Özgür Kuşkonmaz

Özgür Kuşkonmaz

Head of Business Development at Clemta

Articles by Özgür Kuşkonmaz

Articles of Incorporation vs Articles of Organization: What is the Difference

Articles of Incorporation vs Articles of Organization: What is the Difference

Articles of organization create an LLC and articles of incorporation create a corporation; they are the same kind of filing for two different entity types. Some states use a different name for the identical document — Delaware and Texas call the LLC version a certificate of formation. The only substantive difference is that articles of incorporation authorise shares, which is why outside investors require a corporation.

How to Get an EIN Number: What It Is and How to Apply

How to Get an EIN Number: What It Is and How to Apply

An EIN is the nine-digit federal tax identification number the IRS assigns to a business entity, and it is required to open a US business bank account, run payroll and file federal returns. It can be obtained online, by fax, by mail, or by phone for international applicants, and the IRS charges no fee for it. Founders without a US Social Security Number cannot use the online application and must submit Form SS-4 by fax or mail instead.

Company Formation Explained: What It Is and What It Changes

Company Formation Explained: What It Is and What It Changes

Company formation is the legal act of creating a business entity that exists separately from its owner, which is what produces limited liability, the ability to contract and bank in the company's name, and a set of ongoing filing duties. It is not the same as registering a trade name, it does not grant immigration status, and it does not by itself reduce tax. For non-resident founders the practical decisions are entity type, state, registered agent and governance documents.