What is the process after the company is formed?

After your company is formed, the Registered Agent uploads your company setup documents to your panel and that's all you have to do with the agent for now.

EIN Application:

The first step you should take is to obtain an EIN, or tax identification number, for your company.

You cannot open a bank account without an EIN. You cannot even open accounts such as Stripe, Paypal, or Amazon. EIN is your company's tax ID and all platforms where you will open an account will ask for EIN. The EIN is provided free of charge from the IRS and is simple to obtain. our EIN application guide to get a free EIN for your company .

Bank account:

Once you receive an EIN, you may need a bank account for your company. For this, you can benefit from two digital banks that you can open online;

  1. Wise Business
  2. mercurybank

Preliminary Accounting:

Preliminary accounting processes belong to the owner of the company. You keep track of your income and expenses during the year and submit them to your accountant for declaration at the end of the year, who then makes your declaration for you. You can use a cloud-based software for this preliminary accounting.

We can say that Suitebooks is the most preferred cloud-based accounting and invoicing software in Turkish. Suitebooks is a capable and economical solution to meet your basic needs.

Click for more details and pricing about Suite Books Pre-Accounting Software, which offers a 30-day free trial.

Tax Declaration:

You don't need to hire an accountant every month. Statements are filed annually and are made by licensed consultants in the United States. you can contact our business partner, Tam Accounting – Tam Mentor, by making an appointment here

Annual Payments:

You will have to pay 3 annual expenses: state fee (fee that varies by state), Registered Agent renewal and accounting statement fee. Be sure to pay them on time.