Opening a Bank Account for Your Company
After you have finished registering your company, the next step is to open a bank account to get your company active. The first step after incorporation of a company is to obtain digitally certified true copies (CTC) of the company documents. These include the Certificate of Incorporation, Memorandum of Association, Articles of Association, and Form-II. You will need the CTC for opening a bank account in the name of your company.
Compliance and Administrative Tasks
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Understand Your Ongoing Filing Requirements: Many business owners who incorporate don’t realize that states will require them to submit certain forms annually in order to maintain their LLC status. These are your ongoing compliance requirements.
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Register for VAT: Value-added Tax (VAT) is consumption tax placed on goods and services which is charged to end consumers. It’s beneficial to businesses not only because it shows customers and clients that you are a licensed service provider that can be trusted, but it also affords you the opportunity to apply for tenders and contracts.
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Register as an Employer and Obtain Business Insurance: If you hire employees, register as an employer, set up payroll, and comply with employment laws. Consider suitable business insurance, including liability, property, and employee insurance.
Issuing Founder Shares and Other Legal Considerations
From determining and connecting to your target demographic to your SEO and PPC strategy, a marketing plan is an integral part of any company.
What is the next step after incorporating a company?
What to do after you get your EIN?