Certified Specialist In Taxation Law

BUSINESS FORMATION CHECKLIST

**** Please note if not applicable

retainer agreement

pre-incorporation client letter

articles of incorporation (indemnification clause)

bylaws and certificate of adoption

SS-4

statement by domestic stock corporation

resignation by incorporator

first board of directors meeting

first shareholders meeting, if applicable

offer to purchase stock

stock certificates and stock legend

DE-1, employment development department

subchapter S election (California forms also)

medical plan, cafeteria plan or plans

pension plan (qualified plan must be adopted before the year end)

City business tax (classification)

corporate reimbursement of shareholder

Notice of transaction department of corporations (need value of issuance)

Promissory note to entities or people lending money (security devices (UCC-1, if required; without notes and repayment IRS may consider money advanced capital)

stock certificate with proper California exemption

tax elections (basis of accounting, tax year etc.)

set up client's accounting system properly (accounting procedures checklist and definitive plan; in-house, outside bookkeeper or CPA)

State Board of Equalization registration (for wholesale and retail, not for service)

workers' compensation insurance; obtain forms

review other needs for client's insurance (liability, business interruption)

DBA

County of Los Angeles property tax statement

Buy-sell agreement; shareholders;

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For questions or comments regarding this web site Michael D. Daniels

                    Last modified: January 14, 2008