Company
The capabilities that act on a Startup’s Company in the real world, from formation and banking to tax, insurance and payroll.
These Capabilities act on a Startup’s Company, each ending in a record a state, bank, carrier or registrar keeps. A Studio Startup runs inside the Studio-held entity until Graduation; a self-serve Startup uses its own Company.
| Wakes at | Capabilities |
|---|---|
| At creation | Mailing address, Phone numbers, Domain registration, Notarization |
| Building | Merchant account, Outside accounts, Corporate cards, Company coverage, Licenses and permits, Trademark filings |
| Live | Tax IDs, Tax filings, Annual compliance, Foreign qualification, Privacy registrations, Contractor payments, Background checks |
| Repeatable | Payroll, Employment eligibility, Common stock valuation, Patent filings |
| Scale | Benefits |
| Graduate | Company formation, Founding documents, Registered agent, Bank accounts, Securities filings, Accreditation verification, Startup transfer |
| Sell | Startup transfer, Company dissolution |
| Term | Kind | Definition |
|---|---|---|
| Annual compliance | Capability | Annual compliance files each annual report, franchise tax report and ownership report on its clock and keeps the Company in good standing. |
| Background checks | Capability | Background checks order lawful identity, criminal, credential and employment checks on candidates and Suppliers, with consent and required notices. |
| Bank accounts | Capability | Bank accounts open the Company’s operating and reserve accounts, verify its owners, and feed every Transaction to the ledger. |
| Benefits | Capability | Benefits set up and run employee health, retirement and other plans, with enrollment, payroll deductions and required plan filings. |
| Common stock valuation | Capability | Common stock valuation gets an independent appraisal of common stock before options are granted, refreshed yearly or after a financing. |
| Company coverage | Capability | Company coverage obtains and renews the Company’s insurance policies, from general liability to cyber and directors and officers, sized to its risk. |
| Company dissolution | Capability | Company dissolution winds up a Company that no longer holds a business, filing final returns and its certificate while every record stays. |
| Company formation | Capability | Company formation creates a Startup’s own Company: it records the entity-type Decision, files the certificate and appoints directors. |
| Contractor payments | Capability | Contractor payments onboard contractors and human supply, collect their tax forms, pay accepted work and file year-end information returns. |
| Corporate cards | Capability | Corporate cards issue virtual and physical cards to Workers and agents, each bound to a Mandate, merchant rules and Limits. |
| Domain registration | Capability | Domain registration registers and renews each Startup’s Domains in a registrar account of its own, with its owner of record as registrant. |
| Employment eligibility | Capability | Employment eligibility verifies each new employee’s right to work, records the employer’s attestation and keeps it for its retention period. |
| Foreign qualification | Capability | Foreign qualification registers the Company in each other state where it has employees or presence, and keeps each registration in good standing. |
| Founding documents | Capability | Founding documents give a new Company its bylaws, initial consents, founder stock, vesting, invention assignments and tax elections. |
| Licenses and permits | Capability | Licenses and permits obtain and renew the business licenses and regulated authorities the Company needs where it operates. |
| Mailing address | Capability | Mailing address gives a Startup a postal address that receives its mail, scans each piece, and forwards it or deposits checks. |
| Merchant account | Capability | Merchant account gives a Startup its own connected payments account at its first sale, so it sells and settles as seller of record. |
| Notarization | Capability | Notarization has a commissioned notary notarize a signer’s Document online and returns the certificate and journal entry as records. |
| Outside accounts | Capability | Outside accounts register the Company on platforms that verify businesses: app stores, ad networks, marketplaces and directories. |
| Patent filings | Capability | Patent filings file provisional and full applications for the Company’s inventions, naming human inventors, and keep each one maintained. |
| Payroll | Capability | Payroll pays employees on schedule, withholds and remits taxes, and files employer returns in every state where they work. |
| Phone numbers | Capability | Phone numbers give a Startup local, toll-free and mobile numbers, port existing ones, and register business messaging with carriers. |
| Privacy registrations | Capability | Privacy registrations file the data-protection registrations and appoint the representatives the Company needs in each market it serves. |
| Registered agent | Capability | Registered agent accepts legal process and state mail for the Company wherever it registers, and routes each item within the hour. |
| Tax filings | Capability | Tax filings prepare, sign, file and pay the Company’s income, franchise, sales and information returns on time in every jurisdiction. |
| Tax IDs | Capability | Tax IDs obtain the Company’s employer number, state tax accounts and sales tax registrations wherever it must collect or withhold. |
| Trademark filings | Capability | Trademark filings clear, file, prosecute and renew the Company’s marks, and watch for conflicting filings. |