Unlocking Your Business Potential
What is the difference between amending and restating Articles of Incorporation? “”Amended”” means “”changed””, i.e., that someone has revised the document. “”Restated”” means “”presented in its entirety””, i.e., as a single, complete document. Accordingly, “”amended and restated”” means a complete document into which one or more changes have been incorporated. Read more on danashultz.com A … Read more
What are bylaws for a corporation? A corporation’s bylaws, also called company bylaws or just bylaws, are a legal document setting forth key rules and regulations governing the corporation’s day-to-day operations. By articulating the procedures management must follow, these rules help ensure a corporation runs smoothly, efficiently, and consistently. Read more on kirasystems.com A corporation … Read more
What qualities make a good board member? 5 Essential Qualities of an Effective Board Member Dedicated and Committed. Able to lead and influence others. Straightforward and impartial. Knowledgeable and an insatiable learner. Values discretion and confidentiality. Read more on greatboards.org Being a board member is a demanding but rewarding position that needs a lot of … Read more
Does an S Corp have a board of directors? C corporations and S corporations have no choice but to elect a board of directors. All states require that corporations form a board of directors elected by shareholders, hold at least one annual meeting, and maintain meeting minutes that document topics discussed and actions taken. Read … Read more
What is a certificate of resolution? Certified Resolution means a copy of a resolution or ordinance of the Authority certified by the Executive Director or Deputy Executive Director of the Authority to have been duly adopted by the Authority and to be in full force and effect on the date of such certification. Read more … Read more
Rather than keeping the CEO in a strictly managerial position, some boards award them a role in governance as well, offering the CEO full membership-and in some cases, voting rights-on the board. CEOs who sit on the board hold a position of great privilege but also great responsibility. Read more on www.cof.org The CEO can … Read more
Should my LLC have officers? As stated above, an LLC is not required to have officers run the business. Typically, the people in charge of the business’s daily operations are the members, making it a member-managed entity. Generally, each member has the authority to make decisions for the business and act on its behalf. Read … Read more
Does CAO report to CFO? CAOs oversees the organization’s ledger and financial accounts, cost controls, and other financial reporting and auditing functions. They work closely with the chief financial officer (CFO) to report on financial operations and analyze the impact that important business decisions will have on the company’s finances. Read more on onlinemasters.ohio.edu In … Read more
What is administrative dissolution for annual report? Admin dissolution for annual report definition is the temporary removal of a company’s ability to conduct business in the state of registration because they failed to file the required annual reports or follow other legal guidelines. Read more on www.upcounsel.com Corporations and limited liability firms must submit annual … Read more
What is the difference between registered office and head office? Registered office is the one which in documents and otherwise registered as permanent address when you registered your company, firm or business. Corporate office is where a business actually runs or where the decision making management is located, plans and work on operations. Read more … Read more