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Startup Checklist

Formation & Registration

  • [x] Choose Official Business Name: No Clocks, LLC

  • [x] Hire Registered Agent: Matthew Howard

  • [x] File Articles of Organization Documents with Georgia Secretary of State

  • [ ] Draft LLC Operating Agreement

    • Outlines the ownership and membership duties of your LLC.
    • [ ] Allows the business owner(s) to clearly define both the financial and working relationships between each business owner or “members” as well as the members and managers.
    • [ ] Makes managing your business not only easier but also more streamlined, thanks to a solidified set of rules that inform voting rights, ownership stakes, and more.
    • Six Articles Expected to Cover:
      • [ ] Organzation
      • [ ] Management & Voting
      • [ ] Capital Contributions
      • [ ] Distributions
      • [ ] Changes to Membership Structure
      • [ ] Dissolution

  • [ ] Apply for Federal Employer Identification Number (EIN)

    • [ ] Link to IRS Info & Form
    • [ ] Expect IRS to mail document containing the EFTPS Pin (allows you to pay federal taxes electronically)

  • [ ] Open official business checking account(s) (Need EIN):

    • [ ] Accounts:

      • [ ] Primary Operating Checking Account
      • [ ] Emergency Fund Savings Account
      • [ ] Tax Withholdings Savings Account
      • [ ] Marketing Account
      • [ ] Growth Fund Account

    • Options Researched:

      - https://mercury.com/

  • [ ] Establish Business Credit

  • [ ] Hire Accountant or Create Accounting / Bookkeeping Software Account

  • [ ] Register for Business Licenses and Permits:

  • [ ] Establish Online Presence

    • [ ] Hosting Provider
    • [ ] Domain Records
    • [ ] Email
    • [ ] Website
    • [ ] Social Media
    • [ ] Marketing
    • [ ] YouTube

  • [ ]

for founders with stock vesting

  • [ ] File 83b Election within 30 days of stock grant
    • [ ] Reference: https://www.irs.gov/irb/2012-28_IRB/ar12.html
    • [ ] Example letter: http://accountalent.com/83b-elections-for-dummies/
    • [ ] Include 2 extra signed copies and self-addressed stamped return envelope

For S-Corp Only

  • [ ] File IRS Form 2553 to Convert C-Corp to S-Corp

## Recurring Items

## Customer Facing Legal Documents

Technical Items

Domain

  • [ ] Select Domain Host Provider / Registrar
  • [ ] Purchase Primary Domain Name
  • [ ]

Marketing

Places to Post for News

raddle.me News feed
designernews.co Designer news
datatau.net DataTau - Data Science Newsboard
devrant.com A fun community of developers
sidebar.io The five best design links, every weekday
changelog.com News and podcasts for developers
uxdesignweekly.com The best UX design links each week
css-weekly.com Weekly e-mail roundup of latest CSS articles, tutorials, and experiments

Other

  • [ ] Sales Taxes
  • [ ] Liability Insurance

  • [ ] Bookkeeping Software to track expenses, income, etc.

  • [ ] Documents for Multi-Member LLC:

    • [ ] Certificate of Formation: The Certificate of Formation establishes the Company as a legal entity in the state. This document will need to be filed with the Secretary of State's office in order to officially establish your Company as a separate legal entity. Any person over the age of 18 authorized by the Company may execute and file the Certificate of Formation.
    • [ ] Limited Liability Company Agreement: This document sets forth, among other things, the Company’s capitalization, member capital contributions, the procedures and rules governing distributions to members and the governance of the Company’s affairs, including the rules governing the authority of the Company’s board of managers and its members.
    • [ ] Subscription Letter: This document evidences the acceptance of units of the Company by a founder.
    • [ ] Restricted Unit Agreement: This agreement subjects founder units to vesting and provides that unvested units may be forfeited. If a founder's units are subject to vesting, the founder should consider making a Section 83(b) election under the tax code. Please read carefully the 83(b) election memorandum posted on the Founders Workbench and consult your tax, accounting and/or legal advisor for assistance in making this election.
    • [ ] Contribution & Assignment Agreement
    • [ ] Confidentiality & IP Assignment Agreement

  • [ ]