Open a Corporate Bank Account
Posted: Sat Jul 05, 2025 10:22 am
As a separate legal entity, your corporation must have separate banking. Shop around for the best perks on offer. Each bank has specific document requirements. For example, some banks ask for a Corporate Resolution before they’ll open the account, while others only want a copy of your Articles of Incorporation and corporate tax code. Learn more: How to open your first corporate US account.
File Annual Report
In many states, filing an Annual Report is mandatory. Failure to whatsapp data do this can earn you penalty fines, loss of your incorporation and license to operate, or even dissolution of the company by the state.
The main purpose of the Annual Report is to confirm or update your company’s address, registration information, and member information, as well as details of the services your business offers. Some states allow you to file it online, while others require hard copies to be mailed to the department of the Secretary of State.
Fees for annual reports vary. For example, in Kansas it costs $50 online or $55 by mail, while Florida charges $138.75 and a $400 late fee. Learn more: Does Your Company Need to File An Annual Report with Your State?
File Annual Report
In many states, filing an Annual Report is mandatory. Failure to whatsapp data do this can earn you penalty fines, loss of your incorporation and license to operate, or even dissolution of the company by the state.
The main purpose of the Annual Report is to confirm or update your company’s address, registration information, and member information, as well as details of the services your business offers. Some states allow you to file it online, while others require hard copies to be mailed to the department of the Secretary of State.
Fees for annual reports vary. For example, in Kansas it costs $50 online or $55 by mail, while Florida charges $138.75 and a $400 late fee. Learn more: Does Your Company Need to File An Annual Report with Your State?