It's time to take the next step in setting up your company! During Post Incorporation, you will define your officers, grant founders equity, review IP contributions, and more. Sounds like a lot? Don't worry, we'll lead you through it step by step!
Post Incorporation lays the foundation for your company's governance and operations. This workflow will generate the documents that set the rules for how your company makes decisions. The screenshots in this article will walk you through the entire post-incorporation workflow.
Step 1
The starting page for the Post-Incorporation Workflow gives you an overview of the process.
Step 2
This screen will direct you to name at least two officers of your company: President and Secretary. You can also add additional officers if needed.
Step 3
In this step, you will define the stock distribution for the founders, who will receive the initial equity in the company. You will be asked to provide stock issuance information, including the number of shares and vesting details.
Step 4
In order to position your company for success, the company needs to own, or have a license to use the intellectual property (IP) essential to the business. In connection with forming your company, each key participant should assign all of his or her rights to the idea and other IP related to the business.
This step asks that you select the applicable agreement(s) for each founder.
Step 5
The Post Incorporation Checkpoint page allows to you review, and in some cases edit, the documents that have been created up to this point.
Step 6
This step will ask you and/or other stakeholders to sign the necessary documents, which will depend on previous steps. These documents will include the Consent in Lieu of Meeting, Stock Certificates, and Founder Documents. Your signature will be held by the platform and applied when all parties have signed the related documents.
This step of the process will ask for your electronic signature and will send an email notification to the necessary parties letting them know that their signature is required.
Step 7
In Step 7, you will be asked to confirm your information.
Step 8
This step will ask you to sign stock documents (which will vary depending on what you have issued previously in the workflow).
Step 9
This step will give you the option of submitting payment for your shares.
Step 10
The IP Agreements that you created earlier will be signed off in this step. You also have the option to review the document.
Step 11
Once all the necessary signatures from others have been completed, you will be able to finish the workflow-- which includes setting up access and viewing or downloading (in PDF format) all the documents that have been completed in the workflow.
Congratulations, you have completed Post-Incorporation!!
Additional resources for your next steps:
EIN: Your Employer Identification Number
Setting Up A Stock Incentive Plan
Screenshots are for illustrative purposes only.
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