Slight Progress
Today, I finally decided to take some action in the enterprise and make some definitive progress. In the morning, I went to my bank and activated my business credit/debit card. I’ve also transferred $7,500 from my personal account and linked my personal and business accounts together.
Then, I mailed out payments to the two newspapers in which I took ads out in. Once they receive the payment, because my 6-week ad run ended already, they will send me Affidavits of Publication, which I then have to send to the Department of State. More on that once I receive them.
I have also finally filled out and sent in that Partnership Questionnaire form I’ve received from IRS back in December. I know, it’s only been four months since then, but it didn’t seem to have any penalties for lateness, so I don’t think it’d be a big deal.
Lastly, I have requested forms for a co-signer, so that my partner could have access to the account and could deposit his initial capital into it as well. I faxed him the forms, he signed them and faxed them back to our banker. I am going back to the bank on Wednesday to finalize the paperwork and have everything completely. Hopefully, his token and access card should arrive within a week and he will be able to transfer his share of the money then.
I don’t know how I managed to do that while putting in 12 hours at my day job and going to the gym, but I’m just trying to tie up some lose ends this week. If this is all figured out by Sunday, I will hopefully have time to work on the Operating Agreement next week. That’s the next step.
