After you’ve validated your idea, start your business—a quick run-through of the first steps to officially (and legally) be a founder.
You can file as a C Corporation through FirstBase.io below or with an attorney contact. FirstBase is the cheapest and fastest option.
[Firstbase.io Discount](https://redbudvc.notion.site/Firstbase-io-Discount-d2e1056ccc1b46cab3b090ac3b699ebb)
After forming a legal entity and receiving an EIN, open a bank account. Mercury has the most intuitive banking platform for startups in addition to no fees. Get $250 for free below:
Mercury | Banking for Startups
If you have co-founders, you will need to delegate tasks and titles. It’s very important early on to have clear expectations. In most cases, splitting equity evenly is the best option. Here’s a quick video from YC
How to split equity among co-founders : YC Startup Library | Y Combinator
After receiving your restricted stock (i.e., founder stock), you have 30 days to file a Section 83B Election with the IRS. Here’s the rundown on how to file and what it means: