everything you need to know
why incorporate?
Incorporating your business offers numerous advantages over operating as a sole proprietorship.
How to Organize a Corporation in Guam: A Simple Guide
When forming a corporation in Guam, there are specific steps you need to follow to stay compliant with the law. While this process may seem complex, we make it straightforward for you by handling much of the paperwork.
How Many Shares of Stock Should My Corporation Have?
If you’re setting up a corporation with three or fewer shareholders, one of the questions you’ll need to answer is: how many shares of stock should the company be authorized to issue? This decision is important for structuring ownership and ensuring flexibility for your corporation as it grows.
Should I include a provision limiting the liability of directors for monetary damages
Including a director liability limitation provision in your articles of incorporation means that the corporation’s directors are protected from being personally liable to the company or its shareholders for money damages due to actions they take (or fail to take) while fulfilling their duties. In other words.
Should I Dispense with the Board of Directors for my Corporation?
The board of directors is usually responsible for overseeing the company’s direction and making high-level decisions. If you decide to dispense with the board, one individual takes over the board’s duties, which makes decision-making simpler. This person could be one of the owners or an officer, such as the CEO.
do i need a website for my business?
In today's digital age, having a website is crucial for any business, regardless of size or location. Here are some compelling reasons why even small businesses in Guam should invest in a professionally made website:
What is an LLC and Why would I want one?
A Limited Liability Company (LLC) is a business structure that combines the limited liability protection of a corporation with the flexibility and simplicity of a sole proprietorship or partnership.
why you should Have a Facebook Business Profile?
Having a Facebook Business Profile is a powerful tool for small businesses in Guam to enhance their online presence, engage with customers, and drive growth.
WHY YOU NEED TO BE ON GOOGLE MAP!
Having your small business on Google Maps and a Google Business Profile is essential, even on a small island like Guam.
Comparing Corporations and LLCs in Guam: Which is Right for Your Business?
When starting a business in Guam, one of the key decisions you'll face is choosing the right legal structure for your new venture. The two most common options are forming a corporation or a limited liability company (LLC).
What is an S Corporation? How does it compare to other types of corporations or business forms?
An S Corporation is a special type of corporation created through an IRS tax election. It combines the limited liability of a corporation with the tax benefits of a partnership. Here’s a breakdown of what sets an S Corporation apart and how it compares to other business entities:
WHAT IS THE DIFFERENCE BETWEEN A REGULAR FB PAGE AND A FB BUSINESS PROFILE?
Understanding the differences between a regular Facebook profile and a Facebook business profile is crucial for effectively managing your business's online presence.
SAY YES TO CONVENIENCE; NO TO OFFICE VISITS
At Guam Biz Starts, we’ve streamlined the entire business setup process online. Gone are the days of driving long distances to stuffy offices, filling out endless forms by hand, and waiting weeks for an appointment. With us, everything begins online. You can initiate the process from the comfort of your own home or anywhere else with an internet connection.
What is an EIN Number and why does a new corporation need one?
An Employer Identification Number (EIN) is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States.