Checklist for New Corporations

Checklist for New Corporations

Incorporating is just one step in starting a new business. There are other federal, state, and practical considerations as well. The following is a list of things to do or think about once you have formed a new corporation:

  • Decide on corporate name
     
  • Prepare and file articles of incorporation
     
  • Contact the state tax board for information about state taxes and obtaining a state tax number
     
  • Check with the state department of consumer affairs to obtain any required business licenses or permits
     
  • Check zoning laws
     
  • Check with the city/ county business offices to obtain business licenses or permits
     
  • Contact the IRS for information on filing your federal tax schedules
     
  • Find out about workers' compensation if you will have employees
     
  • Protect your trade name
     
  • Meet with accountant to discuss capitalization and tax planning
     
  • Get adequate business insurance or a business rider to a homeowner's policy
     
  • Complete and file IRS Form SS-4
     
  • Prepare a shareholder agreement, if necessary
     
  • If necessary, meet with securities lawyer regarding stock sales
     
  • Obtain corporate seal and ring binder for minutes
     
  • Pay any applicable taxes for sale or issuance of stock
     
  • Hold organizational meeting
     
  • Complete the bylaws, waivers, minutes, and offers to purchase stocks
     
  • Sign all documents and place in minute book
     
  • Issue stock certificates
     
  • Be sure consideration is paid
     
  • Complete a bill of sale if property is traded for stock
     
  • Get licenses
     
  • Open bank account
     
  • For S corporation status, file IRS Form 2553
     
  • Print business cards and stationery
     
  • Acquire an email address
     
  • Set up your website

You can view more information on incorporating with LegalZoom at our Incorporation Process Page.

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