Checklist for New Corporations

Now you have finally come to a decision. You are finally deciding to open up your own business corporation. But before you do, here are some things that you would have to look into and process before beginning your own business empire:

Decide on a corporate name
Prepare your Articles of Incorporation and have them filed with the proper government agency within your state.
Inquire about information regarding state taxes and obtaining a state tax number from your state tax board
Inquire on how to obtain all the necessary business licenses or permits from your local State Department of Consumer Affairs office
Check on zoning laws
Acquire the necessary business licenses and permits from city/county business offices
Get information about filing your federal tax schedules from the IRS
If you plan to hire employees for your company get information on workers compensation
Have your company name copyrighted/Protect your trade name
Get adequate business insurance or a business rider to a homeowner’s policy
File your completed IRS Form SS-4
If needed, prepare a shareholder’s agreement
Meet with a securities lawyer regarding sales of stocks, if necessary
Create your corporate seal and your minute book
Pay all taxes applicable for the sale or issuance of stocks
Hold your first organizational meeting
Complete all your corporate bylaws, waivers, minutes, and offers to purchase stocks
Sign all your official and legal documents and place it in your minute book
Begin issuing certificates of stocks to your shareholders
Make sure that all considerations have all been paid for
If there are properties traded for stocks, make sure that you have a completed Bill of Sale for them
Get all your licenses
If you decided on acquiring an S-Corporation status, file your IRS Form 2553
Begin printing business cards and stationeries
Acquire your own business email address
Create your own website

Once you have accomplished the following you are on your way to beginning your own business. Cheers!