Complete guide to legal requirements for starting and running your business.
LLC vs C-Corp - each has different legal and tax implications
File formation documents with your chosen state
Required for tax purposes, hiring employees, and opening bank accounts
Establish proper management and decision-making structure
Ongoing legal requirements to keep your business in good standing
Core formation document
Internal governance rules
From IRS
For equity distribution
For founders with vesting
Transfer IP to company
Define founder roles
Annual Reports: Most states require annual or biennial reports. Failure to file can result in penalties or dissolution.
Franchise Tax: Some states (like Delaware and California) charge annual franchise taxes regardless of revenue.
Registered Agent: You must maintain a registered agent in your state of formation to receive legal documents.
Foreign Qualification: If operating in states other than where you incorporated, register as a "foreign entity" in those states.
