Unlocking Your Business Potential
How do I change the officers of a corporation in Massachusetts? A corporation may change its registered office or registered agent by filing a statement of change of registered agent or registered office. The registered office may, but need not be, the same as the corporation’s place of business. The registered agent’s written consent to … Read more
The size of a corporation’s board of directors is not predetermined by law in Texas. The number of directors for the corporation is determined by the bylaws or articles of organization. However, a corporation must have at least one director in accordance with the Texas Business Organizations Code. Depending on the size, type, and other … Read more
One of the biggest electronics retailers in the country is Best Buy. Since its establishment in Minnesota in 1966, it has expanded to run more than 1,000 outlets across the US. But the issue of whether Best Buy is a company still exists. Yes, Best Buy is a corporation, to answer your question. It is … Read more
Does INC mean private or public? “”Inc.”” is an abbreviation of “”incorporated,”” and both the abbreviation and the full word mean that a company’s business structure is a legal corporation. A corporation or “”Inc.”” is an entirely separate entity from its owners and shareholders. Read more on www.legalzoom.com There are two primary categories of businesses: … Read more
CEO. Chief executive officer, or CEO, is a common title in the business world and will leave no one in doubt that you’re in charge of your company. If you want to convey that your company is well-established or has a large team of employees, CEO might be the right title for you. Read more … Read more
What is a parent company and subsidiary? In the corporate world, a subsidiary is a company that belongs to another company, which is usually referred to as the parent company or the holding company. The parent holds a controlling interest in the subsidiary company, meaning it has or controls more than half of its stock. … Read more
What are board member duties? What are a Board Member’s Responsibilities? Establishing the Organization’s Mission and Purpose. Executive Director-Selecting, Supporting, Reviewing. Organizational Planning. Monitoring and Managing Financial Resources. Assessing and Developing Skills. Serve on Committees. Recruiting New Board Members. Read more on www.boardeffect.com Whether a company is for-profit or charity, its board of directors is … Read more
Who can amend bylaws Michigan? shareholders (a) The initial bylaws of a corporation shall be adopted by its incorporators, its shareholders, its members, or its board. (b) The shareholders, the members, or the board may amend or repeal the bylaws or adopt new bylaws. Read more on www.legislature.mi.gov A wide variety of firms, each having … Read more
Does an S Corp have to file minutes? If you run an S corporation, you are not required by law to keep meeting minutes. However, they can be a good way to record the progress your company makes toward meeting corporate objectives. Minutes can also be useful as a legal record of corporate activities in … Read more
Is owner of LLC the President or CEO? An LLC (limited liability company) can be a convenient and easy way to structure your business, whether it is a sole proprietorship or a partnership. LLCs do not require a a president, a CEO, or a board of directors. The members of an LLC, however, have the … Read more