Company .incorporate
POST /{namespace}/companies/incorporate
Incorporate forms a Company in a chosen jurisdiction, with its founders, shares and registered agent on record.
- Noun
- Company
- Mode
do- Event
Company.incorporated
Inputs
| Input | Type | Required | Description |
|---|---|---|---|
legalName | string | required | The registered name. |
jurisdiction | string | required | Where the Company forms. |
Outputs
| Output | Type | Required | Description |
|---|---|---|---|
company | Company | required | The new Company. |
Effects
- Emits
Company.incorporated. - Performed by the Founder.
- One-way (money): it waits out its delay window, and runs in the
sendanddomodes. - Runs through Company formation, which files the certificate and appoints the first directors.
- Waits for the Founder, as an officer, to sign the formation documents: the legal floor.
- Opens the Company’s cap table.
Refuses when
| Check | Error | Fix | Then call |
|---|---|---|---|
| The input does not match the schema of the operation. | invalid-input | Read the schema of the operation, then send every required field with the right type. | Company.incorporate |
| The key is valid, but its scopes do not allow this operation. | forbidden | Use a key whose scopes cover the operation, or ask an owner of the namespace to grant them. | Company.incorporate |
| The record is not in a state that allows this Verb, so the call is refused. | refused | Read the record, run the Verb that moves it to an allowed state, then retry. | Company.incorporate |
When it waits
| Gate | Default |
|---|---|
| Decision class | High: one-way, broad (money) |
| Delay window | 1 business day, in which a watcher can pause, redirect or cancel it; then it runs. |
| Limit | The spend Limit of the Permission or Mandate it runs under. |
| Over the Limit | It waits pending for an Approval from the Founder. Approved, it runs; refused, it ends refused with limit-exceeded; unanswered by its deadline, it ends canceled. |