Corporate Governance

What Does not in good standing mean for a corporation? If a business entity doesn’t maintain good standing, the state will likely make an involuntary adverse status change for the company, labeling it, on its public records, as delinquent, void, suspended or dissolved, depending on the state and the nature of the compliance issue. Read … Read more

What information is in articles of incorporation? What must be included in articles of incorporation? the corporation’s name and business address. the number of authorized shares and the par value (if any) of the shares. the name and address of the in-state registered agent. the names and addresses of its incorporators. Read more on www.wolterskluwer.com … Read more

How do I know if my LLC is member-managed? In most states, LLCs are member-managed by default under state law. This means that if you don’t designate a management structure for your LLC either in your formation documents or operating agreement, then it will be considered a member-managed organization. Read more on www.nolo.com Because they … Read more

The process of incorporating a business can be difficult and time-consuming, but what if you need to do it in the middle of the year? Is there a set window of time during the year when you can incorporate a business, or are there other limitations you should be aware of? The first thing to … Read more

Does CT require an annual report? Connecticut law requires annual report filings for all corporations, nonstock corporations, limited liability companies, limited liability partnerships and limited partnerships. The report does not require any financial information from you. Read more on business.ct.gov Like the majority of states, Connecticut mandates businesses to submit yearly reports. A legal document … Read more

Are shareholders always members? A shareholder is any individual person or corporate body (e.g., another company) that holds shares in a private or public company limited by shares. Shareholders are also referred to as members, but they are only referred to as subscribers if they join a company during its incorporation. Read more on www.rapidformations.co.uk … Read more

Does ATT report to DNB? Checking, because after all this time of having an AMEX Business card… they don’t report, unless you fail to pay them. Read more on bizcommunity.att.com For the purpose of determining their creditworthiness and making important financial decisions, many firms rely on credit reporting bureaus. One of the top companies that … Read more

What is a minute book? A corporate minute book is essentially a collection of all important corporate records, including the articles of incorporation, which the corporation’s shareholders and creditors can access. Read more on www.ownr.co A business or LLC’s minute book serves as a record of all significant meetings and decisions. The company’s bylaws, articles … Read more

How do you do annual corporate minutes? Examples of the information that might appear in a corporation’s annual meeting minutes include: Date, time, and location of the meeting. Who attended and who was absent from the meeting. Meeting agenda items with a brief description of each. Details about what was discussed during the meeting. Read … Read more

A non-profit healthcare company called Ascension runs hospitals and clinics all around the country. Ascension must reveal the salaries of its highest-paid executives because it is a non-profit. So, how much money does Ascension’s CEO make? Ascension’s CEO Joseph Impicciche received a total salary package worth $13,615,478 according to the company’s 2019 tax returns. This … Read more