Common Pitfalls To Self-Incorporation

Oftentimes, we are engaged to clean up the corporate records of an early-stage company that decided to self-incorporate to save on legal costs.

"It is only a couple hundred dollars to incorporate; I will just do it myself," a client may think.

The problem is that, while that client is not wrong that incorporating and getting a certificate of incorporation is very easy to do, clients will often stop here and miss a number of key considerations that could end up costing more in legal fees down the road.

This blog post sets out some of the common issues we encounter when companies self-incorporate and why it is best practice from a compliance and cost perspective to engage legal counsel from the outset.