To make your onboarding process as smooth as possible, we’ll need a few documents related to your business formation, bookkeeping, and taxes. Here's a handy list of what you’ll need to get started.
Business Entity
If you already have a Single Member-LLC, please gather the following documents:
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Any Amendments to the Articles of Organization (if applicable)
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Federal Employer ID Number (EIN)
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Operating Agreement (if you have one)
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S Corp acceptance letter from IRS (if you're already an S Corp)
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State Employer Registration Number (if you're already registered as an employer)
Accounting & Bookkeeping
Did you earn revenue or incur expenses this year? To help us set up your accounting software, we’ll need information about your business income and expenses from the start of your S Corp (or the beginning of the year if you're already an S Corp).
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Business income and expenses
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Monthly bank statements (upload via the Documents menu app.collective.com)
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Any current-year book-to-tax adjustments (if applicable)
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Access to current accounting software (if applicable)
Tax
If your business was already up and running, we’ll need copies of your previous tax returns and payment records to build your tax profile. This helps us file your tax returns accurately!
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Prior year business income tax return (if applicable)
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Prior year LLC annual filing (if applicable)
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Prior year individual income tax return
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Prior year foreign bank account filing (if applicable)
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Record of estimated taxes paid for current year
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Any notices or correspondence received from tax authorities
Having all of the relevant documents ready to go when you join will help ensure the smoothest possible onboarding experience. We’re here to help every step of the way. If you have any questions or need assistance, don’t hesitate to reach out. Welcome to Collective!
Disclaimer: The information contained in this document is provided for informational purposes only and should not be construed as financial or tax advice. It is not intended to be a substitute for obtaining accounting or other financial advice from an appropriate financial adviser or for the purpose of avoiding U.S. Federal, state or local tax payments and penalties.