incorporating a minority owned business?

Question

I have decided to start a C Corp and I am from a minority ethnic group alien(foreigner, but legal in the US).
1. Can I incorporate a minority owned corporation.
2. What are the advantages/disadvantages.
3. If 1 is yes, then how do I incorporate a minority owned biz. Please do not direct me to score/sba- this I know, but want to know exact forms etc I need to fill and to send to what agencies.

Answer 1

Being a minority has no bearing on incorporating an entity. It only helps if you apply for funding through the SBA, or on state and federal contracts. you need to determine in which state you want to incorporate, then file Articles of Incorporation with that state's Division of Corporations. That agency is usually in the Secretary of State's office. You can find blank articles on the website for that agency. There are also companies who help you incorporate for a nominal fee. One is www.incorporate.com

Answer 2

even nevertheless the corporate has made a earnings for a modern-day 3 hundred and sixty 5 days, you won't obtain any dividend if the business company does not declare a dividend to be paid to shareholders. the terrific element so you might do is to place your replenish on the marketplace to the business company and notice no rely if their is any supply from it. The inventory you carry isn't marketable settle for to the business company difficulty or a relatives member. in comparison to those shares and shares indexed interior the inventory replace.

Answer 3

It depends on which state you want to incorporate in. Each state is different.

Usually the web site for the Secretary of State will have the information.

Answer 4

Why does it have to be a minority thing?