Single Member LLCs: Do they need resolutions?

Do single member LLCs need resolutions? With a SMLLC, you’d only use a resolution to document the most important business matters or actions such as: buying or selling real estate. getting a loan, establishing a bank account, or otherwise working with a financial institution. Read more on www.nolo.com You might be asking if you need … Read more

The Legality of Sharing Articles of Incorporation

Is it OK to share articles of incorporation? Are articles of incorporation public? The answer is yes. These documents, which are filed with the Secretary of State or similar agency to create a new business entity, are available for public viewing. Read more on www.upcounsel.com There are a number of legal prerequisites that must be … Read more

Is the Statement of Information the Same as Articles of Incorporation?

Is the statement of Information the same as Articles of Incorporation? The Statement of Information form shows a company’s owners/officers, business address(es), and business description. A corporation/LLC must file a Statement of Information within 90 days of their Articles of Incorporation/Organization to do business in the state of California. Read more on help.zenefits.com A number … Read more

Using a UPS Mailbox for Registered Agent: Is it Possible?

Can you use UPS mailbox for registered agent? No, a mailbox, even a fake UPS street address mailbox address cannot be used as a registered address because the address must be physical, that is, a process server needs to be able to go to the registered address and serve a paper to the registered agent. … Read more

Does an Incorporation Have an Operating Agreement?

Does an incorporation have an operating agreement? An operating agreement (bylaws) is an internal document that defines how the business owners professionally relate to each other, whereas the articles of incorporation (certificate of formation) is a public document that legally establishes a business as a corporation. Read more on www.businessnewsdaily.com Entrepreneurs frequently think about incorporating … Read more

Choosing a Registered Agent in Illinois: What You Need to Know

How do I choose a registered agent in Illinois? Electing a Registered Agent Online. You can form your LLC online at the Illinois Secretary of State website ($150 filing fee required). Your registered agent’s name and contact information will be requested when you file your LLC’s Articles of Organization online. Read more on howtostartanllc.com You … Read more

S Corp Termination: Voluntary or Involuntary?

An S Corporation’s existence may end either willingly or involuntarily. When a S Corporation is terminated, the IRS ceases to recognize it as a distinct entity for taxation reasons. Understanding the situations that can result in a S Corporation termination is crucial since doing so has major tax ramifications. Voluntary S Corp Termination When the … Read more

Adding Corporation to Your Company Name: What You Need to Know

Can I add corporation to my company name? Once you register your business with the applicable Secretary of State as (i.e., form) a corporation, then you can use “”Corporation”” in the business’s name. Read more on www.quora.com One of the most crucial choices you will make when beginning a business is the name. In addition … Read more

Understanding the US C Corporation: Benefits and Drawbacks

What is a US C corporation? A C corporation (or C-corp) is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C corporations, the most prevalent of corporations, are also subject to corporate income taxation. Read more on www.investopedia.com An American corporate entity that is taxed … Read more