Unlocking Your Business Potential
Can registered address of a company be changed? A company can change its registered office address from one location to another location within the same city by passing a Board Resolution filing address change documents with the Registrar of Companies. The company must have a new address for changing the registered office. Read more on … Read more
What is a company agreement for LLC in Texas? A Texas LLC company agreement is a legal document to be used by entities of any size that would like to establish the company’s procedures and policies, among other basic and detailed aspects of the company. The entity will remain liable to satisfy claims. Read more … Read more
Do corporations have unlimited life? The life of a corporation is unlimited. Although corporate charters specify a life term, they also include rules for renewal. Because the corporation is an entity separate from its owners, the death or withdrawal of an owner does not affect its existence, unlike a sole proprietorship or partnership. Read more … Read more
Does certificate of good standing expire? Certificates of good standing usually have expiration dates, which can vary by state and purpose. For example, one lender might want to see a certificate that’s no older than 60 days, while another might be fine with one that’s up to a year old. In many cases, certificates are … Read more
When creating a firm, owners frequently decide to incorporate their entity to receive certain benefits, such as potential tax advantages and limited liability protection. To reflect changes in ownership, governance, or other facets of a company as it develops, the articles of incorporation may need to be amended. The procedure for changing articles of incorporation … Read more
What is the first step that must be taken to terminate a corporation? The first step in dissolving a corporation usually involves having your board of directors and shareholders vote to approve the dissolution. Under most state rules, you start by holding a meeting of the board of directors to vote on a resolution to … Read more
Can I close my limited company and open a new one? In short, yes you can close a limited company with debts and start again, however, there are strict rules to be followed and if there is a claim that it has been done in a fraudulent way the consequences can be severe. Read more … Read more
Who can dissolve a company? Generally, a company can be dissolved when there’s no debt to repay, but it can also be done if the directors can show that the outstanding debts can be repaid within 12 months. They need to sign what’s called a ‘declaration of solvency’, promising that the company will be able … Read more
A company that was established in Georgia with the intention of making a profit is known as a domestic profit corporation. It is a legitimate organization that is bound by state laws and has to adhere to all rules and specifications established by the government of the state. Shareholders own the corporation and are entitled … Read more
What is difference between dissolution and winding up? Winding up means appointing a liquidator to sell off the assets, divide the proceeds among creditors, and file to the NCLT for dissolution. Dissolution means to dissolve the company completely. Any further operations cannot be done in the company name. company is carried on. Read more on … Read more