Starting a new business can be a lot of work

When Sarge and I started our business, we found out there was a lot to getting set up. And a lot of decisions to make about what type of business you want to start. Each type of business has their own liability levels and requirements.

If you want to start a corporation, you need to remember there are requirements that must be met. In a corporation, you are required to hold regular meeting with shareholders and directors. All important decisions must be made through a meeting of the directors and be documented in the company minutes. Even if you have a one person company, these meetings and documentations are still required.

The IRS will even request to see this documentation, so make record keeping and minutes from meetings a priority.

When you first set up your corporation, you need to have a meeting with your directors and shareholders to adopt your bylaws. The bylaws establish how the corporation will be ran. They also establish the duties and responsibilities for each member of the board of directors.

There are resources for helping you get all of these things set up. You can get free llc forms to help you get started.



The most important thing you can do before setting up your business is research! Make sure you do yours first. You don't want any surprises that will cost you in the end.