When incorporating a new business, you need to contact your state's Department of Finance. Each state may have a different name for this department, but you can search your state government's web site and find the desired agency.

Once you have located the proper department, you can call or use the web site to create a corporation. The fees and requirements for doing so should be clearly stated.

If creating an LLC, you should first discuss your proposed business with an accountant to determine if your new LLC should elect to be taxed as a corporation or as a partnership. Make sure to discuss the future liability options with the accountant.

Incorporating can be as simple as completing a single-page form with basic ownership information. You will need to check on the type of future reporting that will be required by your state for renewals, licensing, fees, etc.

TIP: Do not forget to discuss business insurance for your new company with a reputable insurance agent. This is a cost that many new business owners overlook.