Form a company
Form a company files the certificate, appoints a registered agent, gets a tax id, opens a bank account and issues founder shares.
Trigger
Runs on Decision.created where choice = 'incorporate'. Part of Incorporation, run by the Legal Team.
Steps
- File the certificate for the kind of company and the state the Decision names. It waits 1 business day first.
- Appoint the registered agent in the state of formation.
- Apply for the federal tax id and record it as a Credential.
- Open the Company’s bank account.
- Issue founder shares with vesting and record each on the cap table. It waits 1 business day first.
Outputs
Example
The Founder records a Decision to incorporate. The certificate is filed the same day, and the tax id arrives in four days. The bank account and founder shares are on record by the end of the week.