Corporate Law

What kind of corporate entity to create is one of the first choices you’ll need to make when beginning a firm. A PA (Professional Association) and a corporation are two well-liked possibilities. There are several significant variations between the two, even though they both provide liability protection for the owners. In response to the first … Read more

Can a company have two registered office? If the registered office of a company is to be changed from one jurisdiction of a ROC to another jurisdiction, then the change in registered office must be approved by the Regional Director of ROC. Read more on www.indiafilings.com A firm must register an official address with the … Read more

Do you need a Delaware address to incorporate? Owners of a newly-incorporated business often wonder if they need a Delaware business address. No, you do not need to have a business address or office in Delaware. All businesses incorporated in Delaware require a Registered Agent with a physical street address in Delaware, such as Agents … Read more

What is DBA LegalZoom? LegalZoom.com, Inc. is an online legal technology company that helps its customers create legal documents without necessarily having to hire a lawyer. The company also offers attorney referrals and registered agent services. Read more on en.wikipedia.org DBA The term “LegalZoom” designates a particular service provided by the well-known online legal services … Read more

How do you check if a company is dissolved? Check with your Secretary of State or division of corporations if a business is listed as a current corporation, limited liability company or limited liability partnership. State-registered business entities also file for dissolution, which becomes public record. Read more on bizfluent.com There are numerous legal criteria … Read more

What Cannot be included in the articles of incorporation? Corporate names included in articles of incorporation cannot include words or phrases that imply a purpose other than that identified in the document. Occasionally, businesses in similar industries, and those in the same geographic region, will attempt to file articles of incorporation under the same name. … Read more

Does North Carolina require operating agreement for LLC? Like many states, North Carolina doesn’t require LLCs to create or file an Operating Agreement when formed. Still, when you’re creating an LLC in North Carolina, your company should write and adopt an Operating Agreement. It’s simply good business practice. Read more on www.zenbusiness.com In North Carolina, … Read more

Which characteristics of a company states that the existence of a company is not affected by the coming and going of the members? Answer: the life of the company is not affected by changes in individual shareholders, it is said to have perpetual succession (i.e., continuity of life). Even the death or insolvency of a … Read more

How do I get out of an S Corp? You simply resign. Submit a written statement to the board of directors informing them of your resignation and its effective date. Resigning won’t cut off anyone’s right to try and sue you for wrongful acts you committed while you were an officer. Read more on www.nolo.com … Read more

Who owns a non-profit corporation? A nonprofit corporation has no owners (shareholders) whatsoever. Nonprofit corporations do not declare shares of stock when established. In fact, some states refer to nonprofit corporations as non-stock corporations. Read more on www.501c3.org Non-profit organizations, or NPOs, are established only for the benefit of a certain cause or community. Non-profit … Read more