District of Columbia Checklist of Matters to be Considered at a Preliminary Meeting of Organizers of a Corporation and Included in its Minutes
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Here are eight key things to include when writing bylaws.Basic Corporate Information. The bylaws should include your corporation's formal name and the address of its main place of business.Board of Directors.Officers.Shareholders.Committees.Meetings.Conflicts of Interest.Amendment.
Broadly, articles of incorporation should include the company's name, type of corporate structure, and number and type of authorized shares. Bylaws work in conjunction with the articles of incorporation to form the legal backbone of the business.
Corporate Documents means, with respect to any entity, such entity's articles or certificate of incorporation, by-laws, memorandum and articles of association, limited liability company agreement or partnership agreement, as applicable, and any other organizational documents of such entity.
Formation and business licenses are obtained from the District of Columbia Department of Consumer and Regulatory Affairs (DCRA). You'll hear this acronym a lot. Calculating the fee to include with a corporation formation can be confusing. Pay $220 for authorized capital up to $100,000.
After you have filed incorporation documents, paid filing fees, drafted bylaws, and met with lawyers and accountants, the next step to starting a corporation is to hold an initial board meeting. This meeting is required in order to legally form a corporation.
The 10 Key Legal Documents for Your BusinessCompany bylaws for corporations.Meeting minutes.Operating agreement for LLCs.Non-disclosure agreement.Employment agreement.Business plan.Memorandum of understanding.Online terms of use.More items...?
Statement of Purpose. Your statement of purpose should reflect every facet of your corporation and its particular niche.Members.Board of Directors.Shareholders' Meetings.Committees.Stock.Officers.Indemnification.More items...
How to Start a Business in Washington D.C.Choose a Business Idea. Take some time to explore and research ideas for your business.Decide on a Legal Structure.Choose a Name.Create Your Business Entity.Apply for Licenses and Permits.Find a Business Location and Check Zoning.File and Report Taxes.Obtain Insurance.More items...
Seven Legal Issues Small Businesses FaceLicensing. Licensing is one of the most common legal issues small businesses encounter.Trademarks. Trademarks are another surprisingly common legal issue faced by small businesses.Employee Termination.Misclassification.Shareholders' Agreement.Overtime Disputes.Litigiousness.
Apply for a Basic Business LicenseObtain an Employer Identification Number (EIN) from the IRS.Register with the District of Columbia Office of Tax and Revenue.Make sure your DC business premise has a Certificate of Occupancy Permit (or Home Occupation Permit).Complete the Clean Hands Self Certification.More items...
