Corporate Law

Can a 16 year old be a shareholder? However, some companies do not accept minor shareholders by provision in their articles or terms of issue. Even though children can own shares at any age, they have to be over the age of 16 to become a director of the company. Read more on www.whitefieldtax.co.uk Yes, … Read more

Are Articles of Incorporation the same as articles of organization? Articles of Incorporation Vs. Articles of Organization. Articles of incorporation are used to create corporations, while articles of organization are filed to form LLCs. Articles of incorporation may also be known as certificates of incorporation or corporate charters. Read more on howtostartanllc.com One of the … Read more

What are the requirements for incorporation? Requirements for Articles of Incorporation Name of corporation. Name and address of the registered agent. Type of corporate structure (e.g., profit corporation, nonprofit corporation, non-stock corporation, professional corporation, etc.) Names and addresses of the initial board of directors. Read more on www.investopedia.com One of the most crucial choices you’ll … Read more

What is best state to incorporate in? Nevada is the only state in the union that extends charging order protection to corporate shares. This makes Nevada the best state to incorporate a corporation in. Read more on corporatedirect.com A crucial choice that could significantly affect the future of your firm is whether to incorporate. Where … Read more

What is the title of the head of an LLC? Common Managing Member Titles. In addition to “”president”” and “”CEO,”” common titles used by LLC chief executives are “”principal,”” “”founder,”” “”consultant”” and “”owner.”” Along with being correct and true, these titles accurately represent your position in the company. Read more on legalbeagle.com Many business owners … Read more

Does the company’s registered office have to be the main place of business of the company? The registered office is where all communications and notices to the company will be sent. It is not necessarily the company’s head office or principal place of business. It can be, and often is, at the company’s accountants or … Read more

Can a subsidiary have the same name as a parent company? It’s certainly legal to have your parent and child company have the same name (assuming they are located in different states). The reason for this, is technically, the legal reference for your company name is “”ACME, LLC, a Florida limited liability company”” (Assuming this … Read more

A foreign corporation is a commercial entity that was established and registered in a nation other than the one in which it operates. Another name for it is an offshore corporation. These businesses are started by people or organizations who want to expand their operations abroad or benefit from more advantageous tax regulations in other … Read more

What happens to corporate assets after dissolution? Liquidation of Assets. After a company is dissolved, it must liquidate its assets. Thus, you can’t liquidate assets that are used as collateral for loans. Assets used as security for loans must be given to the bank or creditor that extended the loan, or you must pay off … Read more

How long does it take to change company name? It usually takes 3 working days in total to change a company name on the Companies House register. Read more on www.1stformations.co.uk Changing a company’s name is a big choice that has to be carefully thought out. In order to achieve a smooth transition, it is … Read more