Unlocking Your Business Potential
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
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
What does state file number mean? State file number means the official state number that is assigned to a vital record by the State Registrar or a local registrar or deputy local registrar when registering a birth, death, or fetal death. Read more on www.lawinsider.com A company’s formation and registration is a legal process that … Read more
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
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
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
Which company can issue sweat equity shares? Sweat equity shares can be issued under the Section 2(88) of the Companies Act, 2013, by a company that qualifies as beneath: permanent personnel of the business house who are working in India or abroad from last one year. permanent workforces of the company’s subsidiary or of a … Read more
Is limited liability good or bad? Limited liability is especially desirable when dealing in industries that can be subject to massive losses, such as insurance. A limited liability company (LLC) is a corporate structure in the United States whereby the owners are not personally liable for the company’s debts or liabilities. Read more on www.investopedia.com … Read more
Is a charity a corporation? A charity can be constituted as a trust, an unincorporated association, or a corporation. People generally think of for-profit businesses when they hear the word ‘corporation’, but corporations also come in a non-share capital flavour that is used for non-profit organizations and registered charities. Read more on drache.ca Organizations that … Read more
Is LLC a trademark? If you have already incorporated or formed an LLC for your business, you should register your trademark under the umbrella of the corporation or LLC. And if you are considering incorporating or forming an LLC but haven’t gotten around to it yet, you should do so before registering any trademarks. Read … Read more