I’ve been covering the steps involved in the Business Formation process. To recap, the steps are:
- Planning
- Entity selection
- Filing
- Initial governance matters
- Initial capitalization matters
- Initial agreements among stakeholders
My last post covered the Planning, Entity Selection and Filing steps, which takes us to the point where the state has returned stamped documents establishing a new entity. Now we are at a complex stage: establishing how the business will be managed, initial capitalization, and what the rights of all stakeholders will be going forward.