Incorporation List

1. Drafting Articles of Incorporation
2. Meeting of Incorporators (elect officers, transfer of assets for stock, adoption of by-laws, designation of depository, etc.)
3. Incorporators (names and addresses)
4. Assets and Liabilities (determine what assets and liabilities are to be turned over to the corporation and shares issued in exchange therefor)
5. Directors and Officers (names and addresses)
6. Statutory Agent (name and address)
7. Identification Number (Form SS-4)
8. Workmen's Compensation (file for coverage)
9. Unemployment Compensation (file for coverage)
10. State Unemployment Compensation
11. Federal Unemployment
12. Election under Subchapter S (if going to elect, prepare and file Form 2553)
13. Accounting Methods (year-end accrual or cash basis, depreciation options, inventory valuation)
14. Notify Utilities
15. Banks (select bank or banks and furnish resolution authorizing persons to sign checks and negotiate loans)
16. Officer's Salaries
17. Books and Records (chart of accounts, ledger, journals and software)
18. Insurance (notify all pertinent insurance agents so that insurance policies may be transferred to the corporation if incorporating existing business; if new business, secure necessary insurance, i.e., fire, liability, etc)
19. Special Licenses and Permits (secure, if necessary)
20. Accident and Health (formally adopt a plan under 105 ( c) and 106, if desired)
21. Group Term Life (consider desirability of instituting)
22. Pension and Profit Sharing Plan
23. Car Requirements (if employee is furnished company vehicle formally restrict personal use to commuting to work)
24. Employment Agreement
25. Redemption or Buy/Sell Agreements
26. Lease:
    • Personal property
    • Real estate
27. Corporate Records (stock certificates, stock register, minutes, corporate seal)
28. Stock Issue (issue shares of stock bearing necessary signatures and with corporate seal affixed; complete stock register; obtain receipts or have stubs initialed)