Step 1: WELCOME EMAIL
Once you pay for your application, you will receive a welcome email. In this email, you will find the confirmation of your company’s name and also the timeline for your Certificate of Formation (if your company is an LLC), or Certificate of Incorporation (if your company is a Corporation).
The Certificate takes around 3-7 business days to be ready in Delaware and 1-5 business days in Wyoming. Please make sure you have provided all the required information on your Firstbase.io account so that we can proceed with the next steps.
Step 2: CERTIFICATE OF FORMATION/INCORPORATION
Your Certificate will be uploaded to your account and also sent to your email address. If there is any missing information on your account, you will be asked to go to your account on the website https://firstbase.io/ and fill out the required information.
The clients usually forget to provide the addresses of their shareholders or owners and, in these cases, we are not able to move forward with the Operating Agreement (LLC) or Post-Incorporation Package (Corporation). That being said, the registration process will remain on hold until the requested information is provided.
In short, please make sure to provide all the information from the beginning!
Steps 3 and 4 start at the same time!
Step 3: OPERATING AGREEMENT/ POST-INCORPORATION PACKAGE
The Operating Agreement (LLC) and the Post-Incorporation package (Corporations) will be uploaded to your account and also sent by email usually 3-4 business days after the company is formed unless the legal team needs additional information.
Please keep in mind that:
Post-incorporation documents for companies with 2 or more shareholders can take more time.
In the case of vesting schedules, the post-incorporation documents will take more time!
Please review the documents and let us know in case they are not accurate so we can make the necessary changes. You do not need to sign and send them back to us as these documents are for your company’s internal records only.
If you need to modify these documents, you can do so on your end.
Step 4: EIN / SS4 AND 8821 FORMS
If you are not an SSN/ITIN holder, you will receive both the SS-4 and 8821 forms to sign electronically via "Eversign".
Please make sure 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. According to the IRS, the processing time can take around 20-30 business days.
If you are an SSN holder, please provide the responsible party's personal tax number on the application form. This way we are able to 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.
You should expect an email with further instructions on how to access the registered agent --Cloud Peak Law--portal and on how to apply for the bank account. Follow the instructions to have the registration process completed!
Please notice the registered agent will also send you an email with the credentials to access their portal. Once you are logged in to Cloud Peak Law portal, you will be able to forward any mail to your home address (including Mercury debit card). Please check your spam/junk folders to make sure you didn't miss anything.