Shoobx is here for you right from the start-- we can help you navigate the necessary documents and filings to establish your company! Setting up your company in Shoobx will allow you to leverage all of Shoobx's advanced features for employee onboarding, equity management, governance, and financings.
Incorporate Your Company
Incorporating your company offers numerous benefits, including protection for your personal assets, the ability to raise capital, and the possibility for your business to continue in perpetuity, regardless of changes in leadership. Fully half of all companies incorporate in Delaware. The document being filed to incorporate goes by many names (Articles of Incorporation and Certificate of Incorporation to name a few), but it is most commonly referred to as your company's Charter.
Shoobx will prepare your paperwork and guide you through the process of filing your company's Charter with the state of Delaware. If you have already filed, Shoobx will capture the details of your Charter.
The Shoobx Incorporation workflow will also create your company's bylaws and set up your company's initial Board of Directors by executing the Consent in Lieu of Meeting of Sole Incorporator.
Register Your Employer Identification Number (EIN)
An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a unique nine-digit number assigned to your company by the IRS. The EIN is used to identify your business when filing taxes and may be required on other forms related to your company.
Complete Post Incorporation
The Post Incorporation workflow generates and/or captures details about the documents that provide the foundation for your company's governance and operations. During Post Incorporation, you will define your company's officers, grant initial equity, review IP contributions, and more.
Completing the Post Incorporation workflow sets the foundation for Shoobx to automate routine legal processes for your company and unlocks the following benefits:
- Streamlined employee processes, from offer letter to separation. Onboarding paperwork, including tax forms, company policies, and more are all managed and securely stored right in Shoobx.
- Manage your company's equity and set up a Stock Incentive Plan to grant options to employees. Shoobx even includes tools for employees to follow the vesting process, exercise options, and file an 83(b) election.
- Request and manage stockholder and board approvals right in Shoobx to improve communication and save time.
- Use advanced finance tools to prepare and execute bridge notes and financings. A dynamic cap table provides up-to-date insight into your company's finances at a glance.
Register Legal Counsel
At Shoobx, we understand how important the advice of your legal counsel is to you. We make it easy for you to collaborate right in Shoobx. Inviting your attorney to work with you on Shoobx creates a relationship that will give your legal counsel access to documents in your Data Room and authorization to act on behalf of your company in Shoobx. It will also unlock some advanced Shoobx features.
If you have any questions that are not addressed in this article let us know by emailing firstname.lastname@example.org!