Corporate Law

What are your articles of incorporation? Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information, such as the firm’s name, street address, agent for service of process, and the amount and type of stock to … Read more

How much does it cost to form a Delaware C Corp? Delaware Incorporation Fees. The state fee to incorporate in Delaware is a minimum of $89. This includes your Division of Corporation fees ($50), filing fee tax ($15 minimum), and the county fee ($24). Read more on www.incorporate.com Due to its tax rules and business-friendly … Read more

Can an LLC get a personal credit card? Yes, it’s possible. In fact, there are certain benefits to choosing a consumer credit card over a business card. The most compelling reason is the Credit Card Act of 2009. Among other things, it prevents credit card companies from unexpectedly raising interest rates and charging excessive fees. … Read more

Are corporate bylaws required in Florida? According to the Florida Business Corporation Act, any Florida corporation and entities must have bylaws. The provisions inside the bylaws should have the purpose of managing the activities, and these provisions comply with the corporation’s articles of incorporation and the law. Read more on jflawfirm.com You might be wondering … Read more

Does Tennessee recognize S corporations? Tennessee does not recognize the federal S corporation election and does not require a state-level S corporation election. You can still have an S corporation in Tennessee. The S corporation will only be an S corporation for federal tax purposes and not for state tax purposes. Read more on www.wolterskluwer.com … Read more

Should I use my address for registered agent? A registered agent must have a physical address within the state that is open during business hours to receive your documents. This is not the same as a mailing address, or a principal business address, each of which serve different functions depending on the state. Read more … Read more

Are incorporators the same as owners? Owner. Typically, incorporators are the actual owners of the business. In such a situation, although they begin as incorporators with very little rights, they become the owners of the corporation once its existence begins. Read more on tremblylaw.com The people or organizations that start the process of incorporating a … Read more

Are articles of incorporation binding? If you have chosen to incorporate your business as a LLC, you are not legally bound to have articles of incorporation. However, not doing so could be detrimental. If your business is an S or C corporation, you must legally draft this document and it’s usually filed with your state’s … Read more

Can LLC go public? Myth 6: LLC’s can’t 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 Due to their adaptability, liability protection, and tax benefits, Limited Liability Companies (LLCs) are a common … Read more

What is the difference between a corporation and close corporation? So, what is the major difference between a General Corporation and a Close Corporation? A General Corporation can have as many shareholders as it sees fit. With a Close Corporation, there are restrictions on the sale or transfer of stock. Read more on www.delawareinc.com A … Read more