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LEGAL

Incorporation & Structure

I Incorporated… Now What?

Filing your incorporation paperwork is just the first step. To become operational and investor-ready, there are several legal, tax, and setup actions to complete right after.

Why it Matters

Incorporating is just the beginning. To actually run your startup legally — hire employees, open a bank account, raise capital — you need to complete a handful of post-incorporation essentials.

Founders Checklist
  • Get your EIN from the IRS

  • Hold your initial board meeting or execute board consent

  • Adopt your bylaws and appoint officers

  • Issue founder stock and file 83(b) elections

  • Open a business bank account

  • Set up a cap table tool (e.g., Carta, Pulley)

  • Register to do business in your home state (foreign qualification)

Founder Fails
  • Didn’t open a bank account > mixed personal/business funds

  • Forgot to file 83(b) elections > tax nightmare later

  • Never adopted bylaws > blocked from closing seed round

When to ask for Help
  • You’re not sure what to prioritize after incorporating.

  • You’ve incorporated but haven’t issued stock or held a board consent.

  • You’re unclear about 83(b) elections and deadlines.

  • You want to use a cap table tool but aren’t sure which to pick.

  • You’re incorporating from outside the U.S. and need help with compliance.

Frequently Asked Questions

Q: Isn’t filing incorporation enough?
A: Not quite. Filing your Certificate creates the legal entity, but the company isn’t fully operational until you take additional steps — especially issuing stock and appointing officers.


Q: What’s foreign qualification?
A: If you incorporated in Delaware but operate in another state (like California or New York), you must register there as a “foreign” corporation and pay applicable fees.


Q: Do I need a board meeting right away?
A: You can use a written consent instead. This document approves your bylaws, appoints officers, and authorizes stock issuance — it’s your startup’s first official action.

Fractional Executives

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