When incorprating a business, which one of the following is not a major step to take?
A.Preparation of articles of incorporation.
B.Filing your employee policies with the proper state agency.
C. Preparations of bylaws.
D. Holding an incorporator's meeting.
I pick B.
I think you're right. That is something you'd do AFTER the business is established.
THANKS
To determine which one of the options is not a major step when incorporating a business, let's go through each option and see how it typically fits into the process:
A. Preparation of articles of incorporation: This is a crucial step in incorporating a business. The articles of incorporation outline the key details of the company, including its purpose, ownership structure, and initial directors. It is usually required to file these with the appropriate state authority.
B. Filing your employee policies with the proper state agency: While it is important to have employee policies and procedures in place, filing them with the state agency is typically not a major step when incorporating a business. Filing employee policies is usually done internally within the company to ensure compliance and to establish guidelines for employees.
C. Preparation of bylaws: Bylaws are an essential component of incorporating a business. They establish the rules and regulations for the internal governance of the company, including roles and responsibilities of directors and officers, meeting procedures, and decision-making processes. Bylaws are typically adopted and prepared during the incorporation process.
D. Holding an incorporator's meeting: In many jurisdictions, holding an incorporator's meeting is a required step when incorporating a business. This meeting is held to adopt the articles of incorporation, elect initial directors, and establish other important decisions related to the company's formation.
Based on this analysis, it can be concluded that option B, filing employee policies with the proper state agency, is not a major step when incorporating a business.