Formation

From Vermont Virtual

• Questions you should ask yourself

• Picking a company name

• Establishing an initial goal

• Specifying roles to be played by members

• More than one founder?

• Special contract with founders?

• Picking the Operating Agreement

• This is the form to fill in

• Making the payment for the initial fee

• Establishing an online meeting place

• Opening a bank account

• Recruiting new members

• Entering into contracts with customers

• Designating active members and enabling them to make decisions

• Distributing payments based on net revenues and mutual ratings

• Onward and upward!