I worked on the business formation today. Turned out to be more of a pain than I thought. We couldn't open a bank account until we had both an federal EIN and our articles of organization were filed with the state corporation commission. I couldn't file the articles of incorporation until we had an EIN. After some investigation, I found the IRS website where they give out EINs. I got the EIN the same day and sent in the paper work to the Virginia State Corporation commission. I then submitted the paperwork to the bank so they can open our account. The bank however refused to do anything until our paperwork had been accepted by the State Corporation Commission. Such a pain.
Leave a comment