Unlocking Your Business Potential
Why is certificate of incorporation important? The Certificate of Incorporation has the following importance: It is a legal document that is legal proof of identity for the Company/LLP. A Company/LLP is a separate legal entity and the certificate of incorporation issued by the Registrar mentions the CIN/LLPIN which is a distinct identity for the company/LLP. … Read more
Is date of incorporation same as date of commencement? A certificate of business commencement has to be obtained within 180 days from the date of incorporation and an eForm has to be filed with the concerned ROC (Registrar Of Companies) regarding the same. Read more on cleartax.in There are a number of dates to keep … Read more
Who are eligible shareholders of an S corporation? Understanding S Corporations (S Subchapters. Specifically, S corporation shareholders must be individuals, specific trusts and estates, or certain tax-exempt organizations (501(c)(3)). Partnerships, corporations, and nonresident aliens cannot qualify as eligible shareholders. Read more on www.investopedia.com A pass-through taxation method is used by a S corporation, which implies … Read more
What is meant by perpetual existence? Perpetual existence* It is a characteristic of a business corporation(s) of having no expiration date, unending, unlimited term of existence. Read more on company-express.com The phrase “perpetual existence” refers to a company’s ability to continue operating legally despite changes in ownership or management. This indicates that there is no … Read more
Is a certificate of organization the same as a certificate of existence? A Certificate of Existence is not the same as a Certificate of Incorporation or a Certificate of Organization. Read more on www.upcounsel.com A certificate of organization, often known as a certificate of existence, is one of the crucial documents that entrepreneurs must get … Read more
Can a single person own a corporation in Canada? One person can incorporate a business corporation and hold one or more positions, such as Shareholder, Director and President. Not-for-profit corporations usually require a minimum of three directors. Read more on www.newbusinessnow.com In Canada, it is possible for a single person to own a corporation. In … Read more
Can you claim money from a dissolved company? You may be able to claim money back or buy assets from the dissolved company by: getting a court order to restore the company – if they owe you money. buying or claiming some of their assets – if you’re affected by the company closing. applying for … Read more
Do I need a registered agent in Arkansas? The State of Arkansas requires all businesses to designate a registered agent so that the State has a reliable means of contacting corporations, LLCs and other entities. Every Arkansas registered agent must maintain a physical street location and keep regular business hours. Read more on www.northwestregisteredagent.com You … Read more
What is the difference between a commercial registered agent and a noncommercial registered agent? Unlike commercial registered agents that represent hundreds or thousands of companies, noncommercial registered agents typically represent a small number of companies. Most noncommercial agents operate in only one state or a handful of states. Read more on www.harborcompliance.com Selecting a registered … Read more
Are articles of incorporation and certificate of formation the same thing? The Articles of Incorporation are what officially register your business within its home state and informs the state of key aspects of your business. Articles of Incorporation are sometimes referred to as the “”certificate of formation”” and this document is what legally documents the … Read more