After selecting a corporate entity for your business, coming to an agreement with your partners, and submitting all the necessary paperwork with the Department of State, your business entity will finally come to life. However, this is not the last step you take before your entity is fully organized. Now, it is necessary to take additional steps to elect directors and officers, organize your books, select a fiscal year, ratify contracts, make a decision about the compensation of those at the executive level, among others. These next steps can feel overwhelming, but if you have a clear idea of what those steps are, it will be easier to complete them.

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