Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Hawaii incorporation.
The name must contain the word "Corporation," "Incorporated," "Limited" or an abbreviation thereof. It must not be the same as or substantially identical to the name of any other corporation, partnership, foreign corporation or foreign partnership existing or authorized to transact business within the state. Purely geographical locations and the word "Partners" cannot be used in corporate names. The word "Bank" and variations require approval from the Commissioner of Financial Institutions.
The following are Hawaii’s requirements for directors of corporations:
The document required to form a corporation in Hawaii is called the Articles of Incorporation. The information required in the formation document varies by state. Hawaii's requirements include:
Hawaii allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Hawaii corporations.
Corporations must keep accurate and complete corporate records at the principal place of business.
The following are taxation requirements
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Hawaii recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
Start your business with confidence. We offer various incorporation packages to get your business up and running. Starting from $99 and includes 6 months FREE Registered Agent services.