The norm for technology startups is for the founders to purchase the initial common stock at a very low price at $0.01 per share or less. I usually sell the initial common stock at $0.001 per share. Part of the reason why I do this is because I like to issue each founder 1,000,000 shares of [...]

You need an EIN or employer identification number to open a corporate bank account. This is equivalent to a social security number for individuals. The form you will complete is called aForm SS-4. The easiest way to file the form is online at the IRS website. Here are a few tips for completing the form:   Item 7b – you [...]

As I begin this series of posts on incorporating your technology startup, here is a quick checklist of the documents required to complete the incorporation of your new company. I will cover the issues and components of each document in detail in the posts to come.   Certificate of Incorporation for Delaware or the Articles of Incorporation in California [...]