Frequently Asked Questions

What is the purpose of filing an "articles of assimilation" document?

The purpose of filing an "articles of assimilation" document is to officially register your business with the government and the Internal Revenue Service (IRS). This document is a crucial part of the process of starting your own business. It contains vital information about your business such as the business name, the purpose of the business, the corporate structure, and details about the stock. This document serves as a formal declaration of your business's existence and its intent to operate. It's a legal requirement that provides transparency about your business to the government, potential investors, and the public. In addition to registering your business name, which could be your legal name or a "Doing Business As" name, you might also want to consider trademarking your business name for extra legal protection. Filing the "articles of assimilation" is also a prerequisite to opening a business account. This account, which uses your Employer Identification Number (EIN) and business name, allows you to separate your personal and business assets. It's used exclusively for business-related transactions, deposits, and withdrawals.