Super-Simple Entity Formation Checklist

An entrepreneur who is ready to take the first step in starting a new business should set up a new business entity before doing pretty much anything else. 

Here is Fourscore Business Law’s Super Simple Entity Formation Checklist  to help guide you as you complete this important first step. : 

1. Decide on the name of the entity

1.  be sure to check both the URL and trademark availability

2. Decide on the entity type 

1. Usually this will be a corporation or a limited liability company

3. Decide on the tax structure of your business

1. If you wanted to be taxed as a C-corporation, S-corporation, partnership) 

4. Decide on the state of formation 

1. Most likely this wil be Delaware or your home state

5. Have the proper documents filed with the Office of the Secretary of State in the applicable state 

1. Includes your (certificate (or articles) of incorporation or formation/organization whichever applicable

6. Have the remaining documents prepared 

1. Includes bylaws, founders documents, operating agreement,  as applicable)   

7. Obtain a federal Employer Identification Number from the IRS; and 

8. Finally, Set up a company bank account

And that’s it! Congrats, you’re ready to go! 

At Fourscore Business Law, company formation work is often the first project we handle for new clients. Whether you need assistance in setting up your new business or already have the first step taken care of, the startup lawyers and corporate attorneys at Fourscore Business Law are available to help you grow your business.