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Business Formation (CORP Or LLC) And The Important Next Steps

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Business Formation (CORP Or LLC) And The Important Next Steps

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Many clients think they don’t need to do anything else after filing the proper paperwork with their State, paying the fees and completing their tax returns for their new business entity. There are many steps that need to be completed and they vary by the type of business: C corporation, S corporation, limited liability company (LLC), limited liability partnership (LLP), limited partnership (LP), or nonprofit corporation.

Common requirements after incorporating include:

  • Filing of initial report/list,
  • Completing minutes, bylaws or agreements based on type of entity,
  • Publishing notice of the incorporation or formation,
  • Obtaining Business License and etc.

Annual requirements for all business types include:

  • Filing annual report with the state,
  • Holding annual meetings and updating business minutes/agreements and paying necessary fees.

 

Parhami Law Group will help you form your new business entity in addition to completing all necessary paperwork annually for your state.

Feel free to contact Patrick Parhami for a free consultation.

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