Corporate Law

What is a Virginia Non-Stock Corporation? Virginia Nonstock Corporations (including Nonprofits) Most Virginia nonstock corporations are formed for non-profit purposes, such as clubs, rescue squads, and religious and charitable organizations. You can also use the Nonprofit Organization Toolkit for helpful information. Read more on www.scc.virginia.gov An organization created with a charitable objective is known as … Read more

Is Article of Organization the same as article of Incorporation? Articles of Organization are generally used for LLC formation, while Articles of Incorporation are the type of documents that you need to form a C Corporation or S Corporation. But the general concept remains the same – you need to file these articles upfront as … Read more

Is Facebook a LLC or corporation? Facebook is a Delaware Corporation | Harvard Business Services. Read more on www.delawareinc.com Mark Zuckerberg launched the social networking site Facebook in 2004. The organization significantly affects how individuals interact and communicate with one another. However, a lot of people frequently misunderstand the company’s legal framework. Is Facebook a … Read more

Does Hawaii allow domestication of LLC? Changing Company Domicile to Hawaii. Hawaii law has no provisions for entity domestication. If you plan to move your company to Hawaii your can choose between qualifying your existing company as Hawaii Foreign Entity, or dissolving it in the original state of registration and forming a new company in … Read more

Does a company need a registered office? This is a legal requirement as per Part 6 of the Companies Act 2006, which expressly states that: “”A company must at all times have a registered office to which all communications and notices may be addressed.”” Read more on www.qualitycompanyformations.co.uk No matter how big or little the … Read more

Commercial agents are people or organizations that carry out business transactions on behalf of other people. As they assist in bridging the gap between buyers and sellers, they are crucial in the commercial sector. On the other hand, it has been questioned whether a business agent may constitute an organization. This essay will examine this … Read more

How do I close my LLC in PA? To dissolve an LLC in Pennsylvania, simply follow these three steps: Follow the Operating Agreement. Close Your Business Tax Accounts. Step 1: Follow Your Pennsylvania LLC Operating Agreement. Step 2: Close Your Business Tax Accounts. Step 3: File Articles of Dissolution. Read more on howtostartanllc.com Knowing how … Read more

Why is certificate of incorporation important? The Certificate of Incorporation has the following importance: It is a legal document that is legal proof of identity for the Company/LLP. A Company/LLP is a separate legal entity and the certificate of incorporation issued by the Registrar mentions the CIN/LLPIN which is a distinct identity for the company/LLP. … Read more

Is date of incorporation same as date of commencement? A certificate of business commencement has to be obtained within 180 days from the date of incorporation and an eForm has to be filed with the concerned ROC (Registrar Of Companies) regarding the same. Read more on cleartax.in There are a number of dates to keep … Read more

Who are eligible shareholders of an S corporation? Understanding S Corporations (S Subchapters. Specifically, S corporation shareholders must be individuals, specific trusts and estates, or certain tax-exempt organizations (501(c)(3)). Partnerships, corporations, and nonresident aliens cannot qualify as eligible shareholders. Read more on www.investopedia.com A pass-through taxation method is used by a S corporation, which implies … Read more