Buena Park, California, April 21st 2009. In recognition of the economic power of privately held busi.....
Post Incorporating Formalities
3. 75% of Corporate Structures Put Their Owners at Risk
Maintaining and establishing a system of post incorporating formalities will keep your corporation in compliance with legal requirements. A corporation is required to maintain very detailed records of the activities the business commences. Detailed records demonstrate that the company is organized and operated correctly.
You will thank yourself in case the IRS wants to look at your documents. Banks will also want to see your records to secure funding for the corporation.
Record keeping is vital, as it is proof that your company is properly maintained and organized. Post-incorporating formalities include:
Establishing an Experian file
Electing a tax status with the IRS
Obtaining an Employer Identification Number (EIN)
Opening a bank account
Starting a corporate record keeping book
Trademark or patent preparation
Domain name registration
Obtaining and establishing a DUNS (Dun and Bradstreet) number
How you benefit
Have a solid business structure
Protect your personal assets and business assets
Leverage corporate tax advantages
Full-Cycle processing
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