What are the registration steps and what you should expect along the way?

For clients interested in incorporating their company with Firstbase, in this article, you'll see the registration process step-by-step, the documents involved, and the timeline for each step. 

Step 1: COMPANY'S FORMATION -- 7-15 business days; it might take more time in Delaware.

After paying for your application, you will see post-payment tasks to be completed on your account. To start your company's incorporation, you need to click on "Get your agent in" then select the state that you prefer!

Then, you will be prompted to pay for the registered agent services. Make sure to review your company's information before submitting the registration request. 

You can track the registration progress by logging in to your account. On top of that, you will receive a welcome email with a timeline for each step of the process.

In Delaware, due to high volume, it is currently taking the Division of Corporations 15-20 business days to process filings. Once your document is ready, our team will notify you and proceed with the following stages.

*Please notice it is mandatory to have a registered agent in the state your company is being formed.

**Please check your account for registration steps updates and make sure you have completed all the post-payment tasks so that we can proceed with the following steps. 

Step 2: POST-PAYMENT TASKS 

Upon completion of the post-payment tasks below, we can start working on your post-formation documents:

• Mailroom Activation tasks--Get your address notarized to activate Mailroom. Further information can be found on the following link.
• Responsible party.
• Ownership details.
• Business details.

If your business is a Corporation, you will also be required to complete the following tasks: 

• Officers.
• Shareholder Details.
• Board of Directors.

Step 3: CERTIFICATE OF FORMATION/INCORPORATION

Your Certificate will be uploaded to your account. If there is any missing information, you will be asked to log in to your account on the website https://firstbase.io/ to fill in the required information.

It is crucial to provide the addresses of their shareholders (Corporation) or owners (LLC) so that we can move forward with the post-formation documents: Operating Agreement (LLC) or Post-Incorporation Package (Corporation). 

Step 4: EIN / SS4 AND 8821 FORMS -- 20-30 business days

If you are not an SSN/ITIN holder, you will receive both the SS-4 and 8821 forms to sign electronically.

Please ensure to provide the responsible party information on your account; otherwise, we won't be able to send you the EIN forms to sign. The responsible party is the individual who signs the EIN documents on behalf of the company. You can check further information about the responsible party role here.

Once you sign these documents, we can start the EIN process for your company. 

If you are an SSN holder, please provide the responsible party's personal tax number on the application form. This way, we can obtain the EIN online for your company in 1-2 business days.

Step 5: THE EIN LETTER IS READY!

Congratulations! You now have a Tax ID (EIN) assigned to your company. The 147c letter is sent by email and uploaded to your Firstbase.io account.

Now you can log in to your account and click on "Banking solutions" to apply for a bank account!

You will receive your Operating Agreement/Post incorporation Package alongside the EIN.

Please keep in mind that:

You do not need to sign and send these documents back to us as they are only for your company’s internal records. If you need to edit these documents, you can do so on your end by downloading them from your account.