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MOLLY MAID Right Start Transfer Manual Copyright 2015, Molly Maid, Inc. . It is always important to develop a relationship with your banker. By sharing your business plan and/or financial projections with your banker, he/she will be aware of your business progress and accomplishments. This will be to your benefit as your business grows. Ask the bank for starter checks . These will be helpful in case of any printing delays or depletions of your supply. Your Initial Package includes MOLLY MAID checks and deposit slips, so it is not necessary for you to purchase them from your bank. Fax a voided starter check, along with your New Owner Information Form, (on the MOLLY MAID Team Site,) to your New Business Manager. It will be used for placing your check order and setting up your Electronic Funds Transfers (EFT). You may write “void” on a post-it note, put it on the check and fax/email it to your New Business Manager and have use of the check. Proprietary and Confidential Information Effect of Death of Owner Business continues its independent legal existence with the deceased owner’s interest passing to estate and heirs. 1.5.2 Apply for a Federal Employer Identification Number (E.I.N.) To apply, submit Form SS-4 to the Internal Revenue Service. This form may be obtained from your local IRS office or you may download it from the Internet, at www.irs.gov . Obtain a business tax kit, containing forms and instructions for meeting federal reporting and tax deposit requirements. To expedite the process, after you've filled out Form SS-4 you may call the national number for the IRS office (800) 829-3676 to find the IRS headquarters in your area. They will ask you for some of the information requested on the form and give you an EIN right over the phone. They will still need Form SS-4 filled out and sent to them. If you are incorporating, your attorney or accountant can apply for you. 1.5.3 Establish a Relationship with a Bank Find a full-service bank with a convenient location and hours for your business account. Develop a relationship with the bank branch manager. The closer the relationship you develop, the better your chances of establishing credibility and obtaining a loan or special considerations as future needs arise. If incorporated, you will need from your attorney: Articles of Incorporation and Resolution with By-laws. From the Secretary of State, you should obtain a certificate of assumed name (or DBA - “Doing Business As”). These items can take some time, therefore, prepare ahead of time, if possible. If set up as an LLC, you will need the title of your company, EIN, and identification for all signors on the account. NOTE: Most owners find it helpful to list their DBA name on their checks rather than the name of their LLC. Some include both . Share your business plan with your banker Business continues its independent legal existence with the deceased stockholder’s shares passing to estate and heirs. Page 9
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