A

Admin Email Address - The email you signed up for an account. This email will be used to receive notifications, invoices, and account updates.

Affiliate Partnership - is our incentive program for our affiliate or promoter for promoting our brand and services to their friends or their social media platform. You can sign up here: https://www.shareasale.com/shareasale.cfm?merchantID=97170

Account Status - The status of your subscription. You can check the status of your application or your company filing on the dashboard.

Amendment - The procedure by which one or more changes are made to a corporation's articles of incorporation (or an LLC’s articles of organization).

Annual Compliance - is a report to keep your business entity in compliance and in good standing. Additionally, it keeps the state updated with your entity’s information.

Articles of Incorporation - Formal documents filed with the authorities in the state in which the corporation wishes to operate.

Articles of Organization - Formal documents filed with the authorities in the state in which the limited liability company (LLC) wishes to operate.

Apostille - is a documentary device by which a government department authenticates a document as genuine. Commonly used to certify corporate documents, birth certificates, passports, and wills for use internationally.

B

Bank - is a financial institution that supports the public in their deposit, withdrawal, and loan needs.

Bank Account - an arrangement made with a bank whereby one may deposit and withdraw money and in some cases be paid interest.

C

Certificate of Good Standing - A Certificate of Good Standing, also known as a "Certificate of Existence" or "Certificate of Status", is a certificate issued by a state official as evidence that your corporation or LLC is in existence, and is authorized to transact business within that state.

Certified Copies - are an official state-issued certificate verifying that the document referenced is a true and correct copy of the original document that was filed.

Company - is a legal entity formed by a group of individuals to engage in and operate a business (commercial or industrial) enterprise.

Corporation - a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

C-Corp - A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners. A C-corporation is distinguished from an S corporation, which generally is not taxed separately.

D

Dashboard: The interface that you see when you log in to your Jumpstart account. It provides information about your account along with the various details of your company filing or application status, your company details and your company documents.

Data - the information you share to Jumpstart that we provide to different entities to form your business.

DBA - stands for "doing business as" and is an official and public registration of a business name. DBAs are also known as Fictitious Names, Fictitious Business Names, Assumed Names, and Trade Names.

Debit Card - This is the physical card that our bank partner provides once your Bank account is approved. It can also be used instead of cash when making purchases for your business.

Dissolution - A process to end the existence of a corporation or LLC, an entity must file Articles of Dissolution (or other forms of dissolution or cancellation documents) with the Secretary of State.

E

EIN - The Employer Identification Number, also known as the Federal Employer Identification Number or the Federal Tax Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service to business entities operating in the United States for the purposes of identification.

Entity - An individual, partnership, corporation, and so on, permitted by law to own property and engage in business.

F

Filing - is the act of application to open a business (Corporation or LLC) in the US. This is the primary service of Jumpstart to help out non-US residents in their business formation needs in the US.

I

IRS - The Internal Revenue Service (IRS) is a U.S. government agency responsible for the collection of taxes and enforcement of tax laws. This government body is also the one that releases application for EINs and ITINs.

ITIN - An Individual Taxpayer Identification Number is a United States tax processing number issued by the Internal Revenue Service. IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for Social Security numbers.

J

Jumpstart - That’s us! And we are a Document filing service that can help you in forming your own U.S. company (LLC or Corp), obtain a Tax ID number (EIN), and file for a U.S bank account (Mercury Bank). We’re here to help!

L

LLC - A limited liability company (LLC) is formed by members who also run the company (unless Managers are hired to run it). The LLC can choose to be taxed as a regular corporation or as a pass-through entity (i.e. members can claim profits/losses on their personal tax returns). Profits/losses can be split among members any way they choose. LLC rules vary by state.

M

Member - An owner of a limited liability company.

N

Non-Profit Organization - also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners.

Notifications - are a type of triggered email—email that's sent in response to specific user action or other event.

O

Operating Agreement - An Operating Agreement is an agreement among LLC members about its business and the rights and duties of its members.

P

Passport - A passport is a travel document, usually issued by a country's government to its citizens, that certifies the identity and nationality of its holder primarily for the purpose of international travel.

Password - A password, sometimes called a passcode, is a memorized secret code, typically a string of characters, usually used to confirm a user's identity.

R

Registered Agent - is a business or individual designated to receive service of process when a business entity is a party in a legal action such as a lawsuit or summons. They are also your representative in forming your business in your absence.

S

S-Corporation - is a corporation that has elected S-Corporation tax status. In an S-Corporation, all profits "pass-through" to the owners, who report them on their personal tax returns. The S-Corporation itself does not pay any income tax.

Shareholder - is an individual or institution that legally owns one or more shares of the share capital of a public or private corporation.

Sole Proprietorship - is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

SSN - a Social Security number is a nine-digit number issued to U.S. citizens, permanent residents, and temporary residents only.

Signature - is one of our requirements in signing up for an account and is also a handwritten depiction of someone's name as proof of identity and intent.

T

Tax - is levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities.

Tax ID Number - IRS identification number needed before most bank accounts can be opened. For businesses, it's the employer's identification number (EIN), required of corporations, nonprofit organizations, associations, partnerships, and some LLCs.

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