Company formation
Company formation creates a Startup’s own Company: it records the entity-type Decision, files the certificate and appoints directors.
Company formation creates a Startup’s own Company. It records the entity-type Decision, files the certificate, appoints directors and starts the Company’s standing clocks.
Contract
| Clause | Terms |
|---|---|
| Starts | A Graduation event: a cofounder is seated, the Startup raises, it is sold, or its traction warrants its own entity. A self-serve founder forms at creation. |
| Default | A corporation whenever a cofounder is seated or the Startup raises. An LLC only when the Decision records why. |
| Done by | The state of formation, with a filing agent as incorporator. |
| Signs | Directors and the tax-ID responsible party are natural persons (Governance, Identity checks). |
| Then runs | Founding documents, Tax IDs, Registered agent and Bank accounts, then Startup transfer. |
| While held | Not used. The Studio-held entity covers the Startup until Graduation. |
| Records | The Company, its certificate and its directors in Corporate records. |
Verbs
| Verb | Object | Event |
|---|---|---|
| Company.incorporate | Company | Company.incorporated |
Interfaces
Upstream
incorporations.legal, under an Agreement.
Example
A bookkeeping service for dental practices seats a cofounder with ten years in practice management. The Legal Lead drafts the entity-type Decision for a corporation, reserves the name and files the certificate the same day. Company.incorporated fires, and founding documents start.