Thursday, October 17, 2019

Registering a Delaware C-Corp



If you are working on a Tech Start-up that needs to raise institutional investment, then most investors require you to have a C-Corp. If you are the DIY type and/or cannot afford to get a lawyer, here are some useful resources to get started.

1) Get a Delaware Registered agent. The agent does nothing so find the cheapest option you can. Here is the list of approved agents
https://corp.delaware.gov/agents/

2) File the paperwork with Delaware Secretary of State. It's a one-page document. Anyone can fill it. Seriously.
https://corp.delaware.gov/corpformscorp09/
Most tech companies would probably need this one - https://corpfiles.delaware.gov/incstk09.pdf

3) Create all incorporation documents - you can use this website as reference.
https://www.foundersworkbench.com/document-driver/

4) Get an EIN
https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online

5) If you are based out of a different state than Delaware, register your corporation in your state. Check your state's secretary of state website.

6) Get a business bank account

7) Set up accounting. Unless you are going to have a large transaction volume, I would recommend that you start with a simple Google sheet to track incoming and outgoing expenses.

8) Get a business credit card. You can find one that fits your needs here.
https://www.creditcards.com/business/

Most importantly, do the actual work!

Good Luck!

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