(6) Prepare shareholder agreements for corporations or member agreements for LLC for all shareholders of the corporation or members of the LLC.
(7) Maintain all records for the corporation or LLC and file all applicable documents with tax, licensing and other federal, state, county, city and municipal regulatory bodies.
(8) Contract in writing with all employees, independent contractors, and/or entities performing tasks or services for the corporation or LLC being mindful of ownership of intellectual property.
(9) Maintain compliance with all employment, environmental, export, safety, tax, licensing, and all other laws and regulations governing the activities of the company.
(10) Pursue protecting and owning all inventions, ideas, marks, logos, and works created, conceived and/or reduced to practice by anyone involved with the company. This list of steps is not inclusive of all the legal requirements necessary to form and maintain an entity but rather represents a preliminary check list. Note many service providers offer incorporation services for a few hundred dollars but in reality they are only offering the first two or three items listed above. The first purpose of setting up an entity is to provide you with limited liability, protecting your personal assets such as your home, car and 401k plan from the risks of starting a new venture. Seek the advice of an attorney licensed in the state where you wish to incorporate.
By Mat Grell, US Patent Attorney