App "The Company"

How to set up a company

1. Holding company
2. Operating company

   Examples:

   • Real Estate
   • Retail
   • Contractor

Preliminary Information

1. Your company name (Holding company name, then Company name) e.g. The Family Company or John's Design Co.
2. Website address
3. Company phone number
4. Business address

To Do

1. Company Name
   • Use A.I. to pick a name (Company, not Holding)
   • Pick a name in the best type for your field
   • NAICS Codes
2. Use an address that is not your personal address
   • Use a real address (recommended) or a virtual address
3. Get a real phone number
   • T-Mobile
   • AT&T
   • Spectrum
4. Get a website
5. Get an email address (not your personal email)
6. List your company on 411 and Google Search
7. Have funds set aside to build company credit and presence. You won't touch these funds for a year. $500+
8. Register your company
   • Holding companies in Wyoming or Delaware
   • Operating companies in your operating state
   • All should be Manager - Managed Companies
   • Assign yourself or a person as manager
     • In your holding company you should be the manager.
     • In your company the holding should be the manager-owner of the company
Taxes
• Each state has its fees and taxes. Be prepared to pay fees up front and taxes yearly for both a holding company
• Each company will need to file a tax return yearly or quarterly depending on your line of work
9. Register with the IRS to get an EIN for each company
10. Duns & Bradstreet registration and number
11. Make operating agreement
    • A.I. = "Make operating agreement with these partners and their respective percentages"