Little did I know about all of the problems that come along with starting up a new business. Not only do you have to establish yourself, find customers, advertise, and not go broke in the process, but you also have to keep track of the regulations that govern your corporation, even if it’s just a corporation of one.
Along with all the glory, goes all the responsibility, right?
I’ve heard quite a few commercials on the radio for establishing a nevada corporation. I think that the idea is to ‘officially’ have your company exist in Nevada but conduct all of your business wherever you are. You know, no taxes in Nevada.
One of the problems that I’ve read about on the internet is keeping track of the minutes of the shareholders meetings. Evidently, the IRS wants to know what you talked about even if you’re the only shareholder. Luckily, there are sites that provide free forms for just such a situation. Similarly, they can also provide you a complete set of other documents for pretty cheap.
If you have no idea where to start with recording the shareholders’ meeting minutes, adopting company bylaws, or any of that other stuff that just gets in the way of running the company, give yourself a break and let someone else design the forms and documents.