Business Organization Checklist

I. Items required for state filing:

A. name (and assumed name, if any) and type of business to be formed

B. type of business to be conducted

C. registered office address

D. mailing address of the registered office

E. resident agent name

F. name of the incorporator(s)

G. address(es) of the incorporator(s)

H. intended effective date of the formation of the entity (otherwise, date of filing)

II. Items required in connection with the formation or administration of the entity:

A. names of the officers and their addresses

B. bank where the entity will establish a checking or savings account

1. names of individuals who will have check-writing authority

2. bonds, if any, for individuals having check-writing authority

3. accounts for general and specified purposes (such as compensation)

C. determination of licensing requirements

1. registration with Department of Treasury for sales, use, and withholding taxes

2. application for tax identification number

3. initial merchant's license

4. food license

D. location where the entity will conduct its business

1. description of location

2. rental or purchase of location

E. for each location to be leased by the entity:

1. rental rate

2. term of lease, if any

3. name and address of lessor

F. for any leased personal property:

1. rental rate

2. term of lease, if any

3. name and address of lessor

G. estimation of financial requirements

1. determination of capital needs for initial year

2. review of agreed-on contributions by investing parties

3. review of capital needs in excess of initial capital contribution

4. review of funding sources

a. issuance of common stock or membership interests

b. issuance of preferred stock or preferred membership interests

c. acquisition of loans

H. fiscal year determination for corporation or limited liability company (LLC), if other than December 31

I. date for commencement of business

J. date of annual meeting

K. number and names of directors (corporation) or managers (LLC)

L. names of shareholders (corporation) or members (LLC)

M. names, addresses, dates of birth, and Social Security numbers of the key persons and key employees

N. name and address of accountant

O. for each shareholder, member, officer, or manager, the following:

1. full legal name

2. date of birth

3. Social Security number

4. residential address

5. telephone number

6. compensation, if any

P. for each shareholder or member, the following:

1. percentage of ownership (either shares or membership interest)

2. amount of cash or noncash contribution to entity

Q. Subchapter S election determination for corporation