Why form a Hawaii Corporation?
First and foremost, the most common reason in forming a Hawaii corporation online is the liability protection of your personal assets. Hawaii corporations are separate legal entities from the owners (shareholders). Also, in forming a Hawaii corporation, the business can sell shares of stock to generate valuable growth revenue to allow the business to pursue other ventures.
Guidelines for naming your Hawaii Corporation
In determining the name that you wish to use, there are things to keep in mind. First the company must end with Corporation, Incorporated, or its appropriate abbreviation. Also the company’s name must be distinguishable from all the other corporations on file with the Department of Commerce and Consumer Affairs. Names that are similar to another company with only a geographical area difference will be rejected as well. For example, using “of Hawaii” or “of HI” as a suffix or prefix to a company name already on file will not be allowed. The corporation may not contain words or phrases as to mislead the public that the corporation is organized for a purpose other than that permitted by Hawaii statutes and articles of incorporation.
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