We will take a break from looking at different types of organizations to take a look at the mechanics of creating a new corporation. Since there have been many requirements added since 9/11, including those added by the Homeland Security Agency and Dodd-Frank requirements, many items are now required that were not required previously before people will accept that you have a “real” organization.
Mechanics
Here is a simplified step by step creation list for people, at least in the Great State of Texas:
- Incorporate – file your articles of incorporation with the domiciled state
- By Laws – Write them
- Incorporation meeting of the board of directors – minutes to adopt articles of incorporation, By Laws, appoint officers
- Issue stock certificates – must create a stock ledger
- Create a corporate binder
- Entity Identification Number (EIN) with the U.S. I.R.S.
- Create a Dun & Bradstreet Number (D.U.N.S.)
- Get an Internet domain name
- Create a website and associate the Internet domain with the website
This was originally on another website, KeyToFunding.com, in a posting entitled “Getting Started with a new corporation…” on October 6, 2015. Copyright 2015 by Key To Funding organization.
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