Startup Formation Packages
Creating a business entity is an important first step for business owners, founders, and entrepreneurs. The entity you select can affect you operate, how you interact with your partners, and your individual liability for the company’s actions.
We provide formation services for Washington, Delaware, and Wyoming.
Click Here for our blog post on the different types of entities that you can form when doing business in Washington. This information is generally applicable to Delaware and Wyoming.
Washington Startup Formation Packages
Sunder Legal typically forms LLCs and Corporations for clients in Washington State. Click here for more information about the different types of entities that you can form when doing business in Washington.
Our startup formation packages include providing initial guidance on the appropriate structure for your business and investors, completing and filing applicable forms with state and federal regulators, drafting governing documents, and preparing any necessary corporate authorizations or consents required by the State.
Drafting and filing Certificate of Formation or Certificate of Incorporation with WA Secretary of State
In order for your company to become a separate legal entity, you must file with the Washington Secretary of State a certificate of formation (for an LLC) or a Certificate of Incorporation (for a corporation). These documents will establish the corporate entity with the state and also include the underlying rules that will control how your corporate entity operates. This is especially important if you have partners.
Operating Agreement (LLC) or Bylaws (Corporation)
For an LLC, The Operating Agreement is the agreement among the owners that establishes the ground rules for running the Company. This document is extremely important for partnerships, and is akin to a manual for your business owners and managers when it comes to the most important decisions. For corporations, By-laws play a similar purpose and are established after you are officially incorporated.
EIN Filing with the IRS
Your Employee Identification Number is used by the IRS to identify your business.
Initial corporate consents and resolutions to formalize the creation of entity
Written corporate resolutions are signed by your company’s directors or shareholders. These documents formalize the initial decisions taken by the founders of the Company, for example, adopting certain by-laws or documenting the sales of shares.
Subscription Agreement and Stock Ledger
A stock purchase agreement or subscription agreement is an agreement between your company and its investors documenting the number of shares purchased, the price, and any other restrictions. For example, in most cases these agreements will include restrictions on transfers to comply with SEC requirements.
WA Business License Application
Many business types are required to obtain a business license before operating in Washington.
Intellectual Property Contribution and Assignment Agreements
Businesses should have complete ownership of their intellectual property, including IP developed by founders and employees. These agreements transfer the intellectual property from the business owners to the company and ensures the Company owns the IP.
Delaware and Wyoming Startup Formation Packages Services
The start-up formation process in Delaware and Wyoming are similar to Washington State, but each state has its own set of rules that dictate the relationship between investors and how companies should operate. Like in Washington, we help clients decide on the best entity type and state of formation and draft and file the necessary documents with state and federal regulators.
Drafting and filing Certificate of Incorporation or Certificate of Formation with Secretary of State
In order for your company to become a separate legal entity, you must file a certificate of incorporation or Certificate of Formation with the Secretary of State. These documents will establish the corporate entity with the state and also include the underlying rules that will control how your corporate entity operates. This is especially important if you have partners.
EIN filing with IRS
Your Employee Identification Number is used by the IRS to identify your business.
Operating Agreement (LLC) or Bylaws (Corporation)
For an LLC, The Operating Agreement is the agreement among the owners that establishes the ground rules for running the Company. This document is extremely important for partnerships, and is akin to a manual for your business owners and managers when it comes to the most important decisions. For corporations, By-laws play a similar purpose and are established after you are officially incorporated.
Initial corporate consents and resolutions to formalize creation of entity
Written corporate resolutions are signed by your company’s directors or shareholders. These documents formalize the initial decisions taken by the founders of the Company, for example, adopting certain by-laws or documenting the sales of shares.
Subscription agreement/Stock Purchase Agreement and stock ledger
A stock purchase agreement or subscription agreement is an agreement between your company and its investors documenting the number of shares purchased, the price, and any other restrictions. For example, in most cases these agreements will include restrictions on transfers to comply with SEC requirements.
Intellectual property contribution and assignment agreements (if applicable).
These are agreements between a founder and a company that assigns any IP developed by the founder to the Company. Investors will want to ensure these agreements are in place before they invest, since in many cases the value of the investment is in the IP.
