Please form a corporation (four shareholders) to buy an existing lounge/club. Th

Question

Please form a corporation (four shareholders) to buy an existing lounge/club. This restaurant is located in San Francisco. The restaurant serves finger food, and makes 90% of its profit by selling alcohol. The restaurant is worth $400,000.00, but you have only $200,000.00. Find all the necessary steps and fill out necessary forms to form a corporation. Also, please make sure you secure all the lease agreement and other agreement to start your business. Moreover, obtain necessary permits and licenses to ensure your business will be a success.

Explanation / Answer

1) Choose a Corporation Name
2) File the Articles of Incorporation
3) Choose a Registered Agent
4) Start a Corporate Records Book
5) Appoint an Initial Set of Directors
6) Hold an Initial Meeting with the Board of Directors

For your business licenses, the permits and licenses you will need to adhere to depends on a number of factors. Many entrepreneurs find this intimidating. That said, If you would like for professionals to find all business licenses and regulations
7) Compliance of Tax Requirements & Business Licenses Obligations
8) Open a Business Bank Account

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