You're a first-time founder and you form your business in a specific state. You've founded your first company (yay!). However, it turns out that this is not enough: in today's remote world, startups will hire employees in different states. To stay compliant and pay taxes, you will also need to register with the states in which your employees work and live physically. The three most common types of registrations that you will need are the following:
- Secretary of State
- Department of Revenue
- Department of Labor (Unemployment Insurance)
However, it is important to note that your registration requirements will differ depending on the state that you are trying to register with, and figuring this out for each state can be very complicated and time consuming. Which is why with AbstractOps we've made this process easier than ever for you! When you kick off a state registration application in AbstractOps, not only do we tell you exactly which types of registrations you will need to have for a given state, we also aggregate all registrations into one application (i.e. you only need to submit one registration per state and we take care of registering your company with each of the required departments for that state). To get started, take a look at this article which walks you through how to kick off your state registrations with AbstractOps!
Frequently Asked Questions
What kind of information do I need to provide AbstractOps with?To kick off a new state registration, you will need to provide AbstractOps with the following information:
- Your basic company information (legal name, DBA, mailing address, date of incorporation, etc.)
- Your stakeholder information (5%+ owners, executive officer, point of contact, etc.)
- Your first employee in the state's information
- Some state-specific information that varies depending on the state you're registering with
- How do I know if I'm compliant in the states I'm currently registered with? As part of the Core plan, AbstractOps does a review of all of your current state registrations to make sure that all of your accounts are up to date and that all of your registrations have been properly completed and maintained up until now. After the initial review, you can stay compliant with your state registrations by uploading any notice that you receive from your states directly to AbstractOps. Once uploaded, our team will review the notice and, if action is required on your part, our team will let you know. Otherwise, we will take care of the notice for you.