Are Articles of Incorporation the Same as Certificate of Existence?

Are Articles of Incorporation the same as certificate of existence? There isn’t any difference between Certificate of Incorporation and Articles of Incorporation. Both the documents refer to the charter filed with the state agency for creating a corporation. In some states, Articles of Incorporation are known as Certificate of Incorporation. Read more on www.upcounsel.com There … Read more

The Importance of a Registered Agent in Louisiana

Does Louisiana require a registered agent? All business registrations with the Secretary of State require, by law, an agent with a physical address in Louisiana. An agent, or as it is sometimes called, registered agent, can be almost anyone of legal age and a legal resident of Louisiana. Read more on www.sos.la.gov A registered agent … Read more

Understanding De Jure Corporation and Related Concepts

What is de jure corporation? A de jure corporation is a fully incorporated company. To be considered de jure, the company must have fulfilled all of the statutory requirements for properly forming a corporation. An entity gains many advantages from becoming a corporation such as easier access to capital and limited liability. Read more on … Read more

Michigan Registered Agent: Do You Need One?

Does Michigan require a registered agent? A Michigan registered agent, known as a resident agent in Michigan, is required by law for every formal business in the state of Michigan. A registered agent receives all official paperwork from the State of Michigan, they also receive any service of process a business may be served in … Read more

Does a Delaware LLC have separate legal personality?

A Delaware LLC exists as a separate legal entity from its members, creating a shield that insulates the owners from individual liability beyond their investment for the LLC’s financial obligations. Unlike a corporation, the protection in a LLC also runs in reverse. Read more on www.incnow.com One of the most well-liked states in the US … Read more

Close Corporation: Does it have a MOI?

Does a close corporation have a moi? In terms of Schedule 2 of the Companies Act, an existing Close Corporation may convert into a Company by filing a Notice of Conversion, a filing fee, a written Statement of Consent approving the conversion signed by Members of the Corporation holding in aggregate at least 75% of … Read more

What Type of Ownership is a Nonprofit Organization?

What type of ownership is a nonprofit organization? 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 Nonprofit organizations are legal entities established without the intention of turning a profit. These … Read more

Can a Company Have 2 Registered Office?

Can a company have 2 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 One of the first steps when beginning a business … Read more

Does Maine Recognize S Corporations?

Does Maine recognize S corporations? Maine recognizes the federal S election, and Maine S corporations are not required to pay corporate income tax to the state. Read more on www.nolo.com Few states in the US recognize S corporations, but Maine is one of them. An S corporation is a unique kind of business that offers … Read more

Can a Liquidated Corporation Start Again?

Can a liquidated corporation start again? You can apply to the court for permission to reuse the company name. This is called applying for court leave, and the application must be lodged with court no more than seven days following the liquidation of the old company. Read more on www.ukliquidators.org.uk Liquidation is a popular method … Read more