Incorporate your business in Hawaii;
Our Incorporation information is to help you with the small
business startup process. The Hawaii Incorporation info can
help answer questions like "How do I form an LLC in Hawaii?"
or "What type of Incorporation entity should I be? An Hawaii
S-Corporation or an Hawaii C-Corporation?" or "What are the
requirements for an Hawaii Corporation?" It's easy to set up
an Hawaii Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name shall contain the word "Corporation,"
"Incorporated," "Limited," or an abbreviation thereof. The name
shall not be the same as, or substantially identical to, the
name of any other corporation, partnership, or foreign corporation
or partnership existing or authorized to transact business within
the state.
Corporation Requirements
Director Information
Minimum Number - Not less than three, unless there
are only one or two shareholders of record; then the
number of directors may be less than three but not less
than the number of shareholders.
Residence Requirements - At least one director shall
be a state resident.
Age Requirements - None.
Directors are required to be listed in the articles
of incorporation.
Officer Information
Officers are required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does affect initial
filing fees.
Tax and Fees
Annual Statements
Domestic and foreign corporations must file an annual
report with the Department of Commerce and Consumer
Affairs. Domestic corporations must file by March 31st
with a fee of $25. Foreign corporations must file by
June 30th with a fee of $125.
Income Tax Rate
The income tax rates are 4.4% of the first $25,000
of taxable income, 5.4% of taxable income over $25,000
but not over $100,000, and 6.4% on all taxable income
over $100,000.
S Corporation
S Corporation status is recognized by the State of
Hawaii. Non-resident shareholders must execute a consent
agreement to pay Hawaii income tax on their portion
of the income in order for the S corporation to be recognized
for Hawaii purposes. A separate state election from
the federal election is not required.
License Requirements
Hawaii requires most businesses to obtain a license
and pay a fee if operating in the state. Please check
with the state to make sure your business is complying
with the license requirements for your particular profession.
