Corporate Law

What is the difference between a domestic and foreign corporation? A domestic corporation conducts its affairs in its home country or state. Businesses that are located in a country different from the one where they originated are referred to as foreign corporations. Read more on www.investopedia.com When starting a business, you have a variety of … Read more

Forming a corporation is a difficult process that needs meticulous preparation, investigation, and legal knowledge. The intricacy of the corporate structure, the state of incorporation, and other variables all affect how long it takes to form a corporation. Generally speaking, forming a corporation can take a few days to a few months. Choosing a company … Read more

What happens if your company is dissolved? If a limited company has been struck off or dissolved, it is removed from the Register at Companies House and its cash and assets transfer to The Crown. In order get these assets back you will usually need to go through a process known as company restoration. Read … Read more

Can registered agent open bank account? A registered agent can, eventually, be a liaison between your company and your prospective bank. Before this can happen, though, a few criteria have to be met. The very first step is having the necessary documents for opening a bank account ready. Read more on www.howtostartanllc.org The establishment and … Read more

What is the purpose of a non-stock corporation? A non-profit corporation is non-stock by definition, since the purpose of the non-profit corporation is not to pay shareholder dividends. Non-stock, Non-profit corporations are without any profit motive and are formed to provide a service to their members. Read more on www.advantage-de.com Non-stock corporations are a particular … Read more

What is the veil law? Piercing the corporate veil”””” refers to a situation in which courts put aside limited liability and hold a corporation’s shareholders or directors personally liable for the corporation’s actions or debts. Veil piercing is most common in close corporations. Read more on www.law.cornell.edu By separating a corporation from its shareholders and … Read more

Can LLC own C Corp? Can an LLC Own a C Corporation? Yes. A Corporation may be owned by an LLC, however when the corporation is formed at the State level, a natural person must be designated as the corporation’s organizer. Read more on exitpromise.com If you are an entrepreneur or business owner, you may … Read more

Is a PA a corporation in Florida? The words “”chartered,”” “”professional association,”” or “”P.A.”” can be omitted from the corporation’s name only if the professional service corporation has registered its name as a fictitious name with the Florida Department of State, Division of Corporations. Read more on www.nolo.com A PA, or professional association, is a … Read more

Can an S corporation have subsidiaries? The S corporation has another nifty advantage most people don’t know about: it can form a subsidiary corporation and elect to have it treated as a qualified subchapter S subsidiary-also known as a QSub. Read more on bradfordtaxinstitute.com S corporations are a preferred option for small business owners due … Read more

Why do you need Articles of Incorporation? Articles of incorporation are important because they establish a company within its home state, informing the state of the key aspects of the business. By making your business a legal corporation, you protect yourself from the company’s debts. Read more on www.businessnewsdaily.com An essential legal document needed to … Read more