Entity Formation Checklist

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Entity Formation Checklist

Step-by-step tracker for entity incorporation and formation

Total Steps
20
Complete
0
In Progress
4
Blocked
1

Conejo Group PBC (Delaware)

File Articles of Incorporation

File Delaware articles of incorporation for Conejo Group PBC (Public Benefit Corporation)

in-progress
Owner: Tim Nielsen
Due: 3/5/2026
Must designate PBC status in articles. Blocking item for all subsidiaries.
Obtain EIN from IRS

Apply for federal Employer Identification Number (EIN) after incorporation

pending
Owner: Tim Nielsen
Due: 3/10/2026
Can be done online immediately after filing. Required for bank account opening.
Adopt Bylaws

Finalize and execute corporate bylaws for governance and operations

in-progress
Owner: Tim Nielsen
Due: 3/12/2026
Bylaws must address board structure, shareholder meetings, and voting rights.
Issue Share Certificates

Issue initial shares to Lucas George, Aaron Murphy, and core contributors

pending
Owner: Tim Nielsen
Due: 3/15/2026
Determine share allocation percentages before issuance. Consider non-voting shares for Aaron.
Draft IP Licensing Agreement

Create licensing agreement between MurphsLife Foundation (licensor) and Conejo Group (licensee)

pending
Owner: Tim Nielsen
Due: 3/20/2026
Critical for investor confidence. Defines IP rights, royalties, and term.
Open Business Bank Account

Open Delaware business bank account for Conejo Group PBC

pending
Owner: Emmanuel Poulain
Due: 3/22/2026
Requires EIN, articles of incorporation, and board resolution.

Conejo Coffee (Delaware C Corp)

File Articles of Incorporation

File Delaware articles of incorporation for Conejo Coffee subsidiary

pending
Owner: Tim Nielsen
Due: 3/25/2026
Conejo Group PBC must be filed first. Conejo Coffee is subsidiary of Conejo Group.
Obtain EIN

Apply for federal EIN for Conejo Coffee

pending
Owner: Tim Nielsen
Due: 3/28/2026
Can be done online immediately after filing.
Adopt Bylaws

Finalize and execute corporate bylaws

pending
Owner: Tim Nielsen
Due: 3/30/2026
May reference parent company bylaws for consistency.
Execute IP License

Execute IP licensing agreement with MurphsLife Foundation

pending
Owner: Lucas George
Due: 4/5/2026
Licensing agreement must be signed before operations begin.
Establish Capitalization Table

Document initial capitalization and share structure

pending
Owner: Emmanuel Poulain
Due: 4/10/2026
Track all share issuances, equity grants, and investor capital.

Casa Conejo USA (Delaware LLC)

File Articles of Organization

File Delaware articles of organization for Casa Conejo USA LLC

pending
Owner: Tim Nielsen
Due: 4/1/2026
Member-managed or manager-managed structure to be determined.
Obtain EIN

Apply for federal EIN for Casa Conejo USA

pending
Owner: Tim Nielsen
Due: 4/5/2026
Can be done online immediately after filing.
Draft Operating Agreement

Create operating agreement defining member rights, profit sharing, and management

pending
Owner: Tim Nielsen
Due: 4/10/2026
Operating agreement is critical for LLC governance and investor protection.
Execute IP License

Execute IP licensing agreement with MurphsLife Foundation

pending
Owner: Lucas George
Due: 4/15/2026
Licensing agreement must be signed before operations begin.

Casa Conejo (El Salvador OpCo)

Confirm Entity Type (S.A. de C.V.)

Confirm that El Salvador entity will be structured as S.A. de C.V. (Sociedad Anónima de Capital Variable)

in-progress
Owner: Jorge Alfaro
Due: 3/5/2026
Critical for local tax and labor compliance. Required before filing.
Foreign Agents Law Analysis

Complete Foreign Agents Law exposure analysis for US-controlled entities

in-progress
Owner: Jorge Alfaro
Due: 3/7/2026
CRITICAL RISK. Must be completed before any ES entity formation. ADDN partnership may provide clarity.
File ES OpCo Formation

File El Salvador OpCo formation documents with local authorities

blocked
Owner: Jorge Alfaro
Due: 3/20/2026
Blocked until Foreign Agents Law analysis is complete.
Draft FMV Property Lease

Draft fair-market-value property lease between nonprofits and for-profit subsidiary

pending
Owner: Jorge Alfaro
Due: 3/15/2026
Critical for IRS compliance and clear separation of nonprofit/for-profit operations.
Obtain Local Tax ID

Apply for El Salvador tax ID (NIT) for local operations

pending
Owner: Jorge Alfaro
Due: 3/25/2026
Required for payroll, invoicing, and tax compliance.
Status Legend
Pending
In Progress
Complete
Blocked