Unlocking Your Business Potential
What is the difference between stock and non-stock corporation? Stock corporations are organized for profit to be enjoyed by stockholders. Non-stock corporations are organized for purposes other than profit. Stock corporations are composed of stockholders (also called shareholders or share owners) while non-stock corporations are composed of members. Read more on www.projectjurisprudence.com Corporations are legal … Read more
Even though closing a business is never an easy choice, there are instances when it is necessary. There are specific actions you must do to make sure that the closing of your S Corp in Colorado happens well. The actions you must follow to close your S Corp in Colorado are outlined in this article, … Read more
What is the share certificate of a LLC? A share certificate is a written document signed on behalf of a corporation that serves as legal proof of ownership of the number of shares indicated. A share certificate is also referred to as a stock certificate. Read more on www.investopedia.com A Limited Liability Company (LLC) share … Read more
Can a foreigner be an officer of a US corporation? A foreign citizen may be a corporate officer and/or director, but may not work in the United States or receive a salary or compensation for services provided in the United States unless the foreign citizen has a work permit (either a green card or a … Read more
There are specific procedures you must take if you intend to dissolve your corporation in Utah. These steps are necessary to guarantee that the procedure is carried out truthfully and legally. An instruction manual for removing a corporation from Utah is provided below: Voting is the first step Conducting a shareholder vote is the first … Read more
Can LLC units be publicly traded? Although an LLC itself can’t be traded publicly, an LLC can be structured as a publicly traded partnership and issue shares in the partnership. Read more on www.thebalancesmb.com The use of Limited Liability Companies, or LLCs, as a favored type of corporate organization has grown over time. The flexibility, … Read more
Domestic New York LLCs cost $200 to file. New York corporations cost a minimum of $135 to file (additional fees apply based on the number of shares and the par value). All domestic entities appoint the New York Secretary of State to receive service of process and legal notice. Read more on www.newyorkregisteredagent.com On behalf … Read more
What is the purpose of a registered office? Registered Office to Receive Legal Documents. State laws generally require the corporation to maintain a registered office. This is a physical office where the corporation will receive service of legal documents in case of a lawsuit, such as notices or service of process. Read more on smallbusiness.chron.com … Read more
Does your EIN ever change? Generally, businesses need a new EIN when their ownership or structure has changed. Although changing the name of your business does not require you to obtain a new EIN, you may wish to visit the Business Name Change page to find out what actions are required if you change the … Read more
Every company incorporated under the Companies Act, 2013 must have its registered office within 30 days of its incorporation. The promoters are required to declare a particular place (address) as a registered office of a company and need to get it registered at the MCA. Read more on consultaxx.com Having a physical address where the … Read more