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⍰ ASK What are the differences between federal and state-level regulations for company formation in the USA?

Federal rules offer a general structure, but state regulations provide details and variations in the formation process.

At the federal level, corporations use Articles of Incorporation, while LLCs use Articles of Organization. The IRS handles federal tax matters, and businesses need an EIN for taxes.

States have specific regulations. Companies must register and follow state laws where they incorporate or operate. Each state has unique filing requirements, fees, and rules for corporations, LLCs, and partnerships. Naming conventions, reporting, and corporate governance may also differ by state.
 

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