Unlocking Your Business Potential
Do I have to pay a dissolved company? When you dissolve a limited company, whether through Members’ Voluntary Liquidation (MVL) or voluntary strike-off, any debts that are still owed must be repaid. Company dissolution, however, is carried out by the directors of the company, who may be unaware that the company can be restored if … Read more
What happens when there is dissolution? After a company is dissolved, it must liquidate its assets. Liquidation refers to the process of sale or auction of the company’s non-cash assets. Assets used as security for loans must be given to the bank or creditor that extended the loan, or you must pay off the loan … Read more
What is an administrative dissolution of corporation? Administrative dissolution is the taking away of the rights, powers, and authority of a domestic corporation, LLC, or other statutory business entity by the state administrator overseeing business entities, due to the entity’s failure to comply with certain obligations of the business entity statute. Read more on www.wolterskluwer.com … Read more
How many trading names can a company have? Companies were formerly able to trade under multiple names by registering trading names, however this system has since been abolished. Companies can now register multiple business names under their ABN. This means that similar to a sole trader, you can register multiple names to trade under. Read … Read more
What are 4 circumstances that might persuade a court to pierce the corporate veil? Courts might pierce the corporate veil and impose personal liability on officers, directors, shareholders, or members when all of the following are true. There is no real separation between the company and its owners. The company’s actions were wrongful or fraudulent. … Read more
Do I have to file an annual report for my LLC in Michigan? Every limited liability company is required to file an Annual Statement each year. The bureau sends a pre-printed form to the registered office of each company 90 days before the due date. The company should check that the details are correct, reporting … Read more
What happens when a corporation buys an LLC? If a corporation chooses to form an LLC, they can decide to file taxes as either a corporation or sole proprietor. Many corporations prefer to file as a sole proprietor, as they can then combined their taxes on Form 1120. Read more on www.upcounsel.com When a company … Read more
Is a trading name a legal entity? When you register a company name at Companies House, it is protected by law so no other business can use it. Trading names do not receive this protection, which means that if someone wanted to register your trading name as a limited company, they could do so, whilst … Read more
Can a corporation have multiple trade names? There is no limit on the number of trade names, which may be registered by one corporation. Trade names are not “”protected”” from use by other companies through trade name registration. To protect your name you need to register a trademark. Read more on www.bdc-canada.com A trade name … Read more
How do I choose a registered agent in Georgia? Yes, any owner or employee of a business can be its registered agent in Georgia as long as they are over the age of 18, and have a street address in Georgia. You could also choose to elect a member of your LLC, or even a … Read more