• The name must contain the word "corporation," "company," "incorporated," or "limited," or an abbreviation. The name shall not be same as or deceptively similar to name of domestic corporation or authorized foreign corporation, or to reserved name.

Articles of Incorporation Requirements

• Director Information
  • Minimum Number - One or more.
  • Residence Requirements. - No provision.
  • Age Requirements - None.
  • Directors are required to be listed in the articles of incorporation.

  
  

• Officer Information
  • The officers are not required to be listed in the articles of incorporation.

  
  

• Stock Information
  • An increase in shares or par value does not effect initial fees.

  
  

Yearly Requirements

• Annual Statements
  • Corporations must file reports with the Mayor by April 15 of the year after its incorporation and on or before April 15 of each second year thereafter. The biannual report fee is $200.
    
    
• Income Tax Rate
  • The state tax rate is 9.5%. Effective for tax periods beginning after September 1994, a 2.5% corporation franchise (income) surtax is imposed in addition to the existing 2.5% surtax of normal tax (above). Minimum tax is $100.