Alabama!

   Corporate Name Endings
     * The name of the corporation shall contain the word "corporation"
       or "incorporated" or an abbreviation. If the corporation is a
       banking corporation the words "bank," "banking" or "bankers" may
       be used. The name may not contain language stating or implying
       that the corporation is organized for a purpose other than that
       permitted by the articles of incorporation. The name cannot be the
       same as or deceptively similar to the corporate name of a domestic
       corporation or a foreign qualified corporation.
       
   Articles of Incorporation Requirements
     * Director Information
          * Minimum Number - One or more
          * Residence Requirements. - None
          * Age Requirements - Directors must be natural person of the
            age of at least nineteen of age
          * Directors are not required to be listed in the articles of
            incorporation.
     * Officer Information
          * The officers are not required to be listed in the articles of
            incorporation.
     * Stock Information
          * An increase in the amount of shares of stock does not
            increase fees.
       
   Yearly Requirements
     * Annual Statements
          * Each domestic corporation and each foreign corporation
            authorized to transact business in Alabama must file an
            annual report with the Secretary of State between January 1
            and March 15 accompanied by a $10 fee to the Secretary of
            State. The first annual report of a domestic or foreign
            corporation must be filed between January 1 and March 15 of
            the year following the year in which a domestic corporation
            was incorporated or a foreign corporation was authorized to
            transact business.
     * Tax Rate
          * Annual franchise tax
          * Liability. Every domestic corporation and every foreign
            corporation doing business in Alabama must pay $10 per $1,000
            of capital stock. Minimum tax is $50. New domestic
            corporations organized after June 30 pay half year's tax.
            Return and payment. To Department of Revenue, when organized;
            and thereafter by March 15 annually. Initial franchise taxes
            are due within 30 days after organization Penalties include
            not more than 25% of the tax due plus 1% a month for
            lateness.
          * Annual registration fee (corporation permit) payable to
            Department of Revenue on incorporating and annually
            thereafter on or before March 15. Application for permit is
            filed when payment is made. Fee is based on capital stock
            paid in as follows: $25,000 or less, $10; over $25,000 to and
            including $50,000, $20; over $50,000 to and including
            $100,000, $30; over $100,000 to and including 150,000, $50;
            over $150,000, $100. No statutory rule covering no par
            shares, but in practice same as shares having par value.
          * Income Tax Rate: Rate. 5% of net income
       
   For more information on taxes, visit www.ador.state.al.us