How to Incorporate Your Mutual Benefit Corporation
Incorporating your Mutual Benefit Corporation in California is very straightforward and usually doesn’t take too much time. Below are step-by-step instructions for do so:
-
Choose the Board of Directors
-
Choose a business address
-
Choose an Agent of Service for the MBS
-
Verify that the name of your MBS is available at http://kepler.sos.ca.gov/
-
File your Articles of Incorporation with the State of California
-
Create bylaws for your MBS
-
Hold your first official board of directors meeting
-
Make sure to keep the minutes of the meeting
-
Approve bylaws
-
Appoint the officers who will run the day-to-day operations
-
Verify the accounting period
-
Acknowledge the the corporation can being operating
-
Set up a corporate binder that will hold all of the recently created legal documents. All items should filed and kept on-site.