5. How to incorporate a company in California?
Step1
Make a business plan. To start a company in California, it is not required but a proper plan will be of help later on. Banks and Investors will also want to read this plan when assessing the company.
Step 2
File Article of Corporation. This is the legal paper to register for a company in California. It includes basic information of the business and its board of directors and should be submitted to the Secretary of State.
Step 3
Submit Statement of Information. This has to be done within 90 days of the Article of Corporation.
Step 4
Apply for an Employer Identification Number (EIN). One IBC® service assists with EIN and also helps with Individual Taxpayer Identification Number (ITIN).
Step 5
Apply for Licenses and Permits. Consult with One IBC® to know which one is needed and how to apply correctly.
Step 6
Open a Bank Account. The business plan, incorporation documents and other papers that the bank wants have to be presented. Some banks also ask for a face to face interview during the application process.
Step 7
Fulfilling non-urgent requirements. After starting a business in California, the company should draft a bylaw, hold a company meeting, get a lawyer, etc.