Important steps to take after business incorporation

JonDevOps commented 3 years ago

SOURCE https://www.wolterskluwer.com/en/expert-insights/important-steps-to-take-after-business-incorporation

S corporation |

[ ] File Form 2553 with the IRS to elect S corporation status.
[ ] File state-level S corporation election, if the state requires it (AR, NJ, NY, and OH).
[ ] Publish notice of the incorporation, if the state requires it (AZ, GA, NE PA).
[ ] Create bylaws.
[ ] Issue shares of stock to owners (shareholders) and record in stock transfer ledger.
[ ] Hold and document the initial meeting of directors (also called the organizational meeting).
[ ] Hold and document the initial meeting of shareholders.
[ ] Obtain a federal tax identification number (EIN).
[ ] Obtain necessary business licenses.
[ ] Open a business bank account, obtain a business credit card and begin establishing a clear separation of business and personal assets.

Additionally:

[ ] Draft a shareholders’ agreement If desired, be sure to prepare and execute a shareholders’ agreement. A shareholders’ agreement is often utilized by small, “closed” corporations that want to restrict who can become a new shareholder and set provisions for how existing shareholders can exit the corporation and sell their shares, among other requirements.
[ ] Maintain corporate minutes Corporate minutes document the meetings of shareholders and the board of directors. They allow the corporation to formalize its appointment of board members, officers, and other relevant resolutions, such as the decision to obtain a federal ID number, open a corporate bank account, choose a tax status, and many other tasks described therein. Minutes must be used to record actions during all board and shareholder meetings.
[ ] file an Initial Statement of Information in delware and states foreign qualification is filed in
[ ] file annual reports file Fn information report with the business entity filing office of their formation state and of every foreign state in which they are qualified to do business. SOURCE https://www.wolterskluwer.com/en/expert-insights/annual-report-filing-requirements
[ ] have a non-compete form in place before hiring any employees. And you’ll need an Independent Contractor Agreement before using independent consultants
[ ] Get Business Liability Insurance Coverage
[ ] Corporations must keep shareholder and director meeting minutes, and important decisions must be memorialized in a resolution.
[ ] create an employee handbook SOURCE https://www.legalzoom.com/articles/creating-an-employee-handbook-for-your-business
[ ] create an employee agreement template https://www.legalzoom.com/forms/employment-agreement SOURCE https://www.legalzoom.com/articles/protect-your-business-and-your-employees-with-an-employment-agreement
[ ] Keep these documents on file Certificate of incorporation Corporate bylaws Certificate of good standing if operating in another state Corporate minutes
[ ] If you have employees have them fill out Form I-9 (PDF) and Form W-4 SOURCE https://www.irs.gov/businesses/small-businesses-self-employed/checklist-for-starting-a-business
[ ] moving company license requirements: https://smallbusiness.chron.com/license-moving-company-2100.html

JonDevOps commented 3 years ago

Nolo 8 steps to forming a delware corp https://www.nolo.com/legal-encyclopedia/how-form-corporation-delaware.html

JonDevOps commented 3 years ago

which state and federal tax to file info https://firststeps.delaware.gov/write-your-business-plan/

JonDevOps commented 3 years ago

write a biz plan tool https://firststeps.delaware.gov/write-your-business-plan/

JonDevOps commented 3 years ago

health insurance for biz with 1-50 employees https://www.healthcare.gov/small-businesses/get-coverage/

JonDevOps commented 3 years ago

washington and delware irs links to state websites for tax requirements https://www.irs.gov/businesses/small-businesses-self-employed/delaware https://www.irs.gov/businesses/small-businesses-self-employed/washington

JonDevOps commented 3 years ago

hiring biz employees When starting a business, you may decide to hire some help. Find information about hiring your first employee, including how to start the hiring process. You can also get information about key federal and state regulations that your business will need to comply with.

Hiring Foreign Nationals By law, you must only employ individuals who have permission to work in the U.S. The online E-verify system allows companies to determine the eligibility of potential employees. Register your company with E-Verify.

JonDevOps commented 3 years ago

get educated on complying with consumer protection laws https://www.ftc.gov/tips-advice/business-center

JonDevOps commented 3 years ago

pay annual franchise tax in all states you foreign qualify in

JonDevOps commented 3 years ago

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JonDevOps commented 3 years ago

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JonDevOps commented 3 years ago

moving company licensing https://smallbusiness.chron.com/start-trucking-company-home-12224.html

JonDevOps commented 3 years ago

get box truck financing eligible

If you have a credit score below 600, zero down payment, no collateral, and under $1,000 to your name, at least one of those issues has to be fixed before anyone will consider financing your purchase.

https://www.topmarkfunding.com/straight-truck-financing/

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JonDevOps commented 3 years ago

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JonDevOps commented 3 years ago

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JonDevOps commented 3 years ago

washington biz guide readings https://www.business.wa.gov/site/alias__business/876/small-business-guide--start.aspx

JonDevOps commented 3 years ago

sba staying legally compliant readings https://www.sba.gov/business-guide/manage-your-business/stay-legally-compliant

JonDevOps commented 3 years ago