A corporate seal is used to authenticate your company documents. Since a corporation is considered a separate entity, the corporate seal acted as the signature of the corporation. Any legal or official document that emanated from the corporation required a corporate seal.Individuals were not allowed to authorize certain corporate acts and so a corporate seal was necessary to prove corporate authority.
This article will compare the difference between California-Corporation and LLC from structure, registration requirements, and tax treatment. Corporations are intended to provide limited liability; shareholders are generally not individually liable for the debts and obligations of the company. LLCs are intended to provide limited liability for founders; moving liability for debts and obligations of the business from the entrepreneurs into the company itself.
Corporations are intended to provide limited liability; shareholders are generally not individually liable for the debts and obligations of the company.LLCs are intended to provide limited liability for founders; moving liability for debts and obligations of the business from the entrepreneurs into the company itself.
In U.S., a Certificate of Incumbency is an official document issued by a corporation or limited liability company (LLC) that lists the names of its current directors, officers, and sometimes, the key shareholders. The certificate specifies who holds which positions within the company and is most frequently used to confirm the identity of individuals who are authorized to enter legally binding transactions on the company's behalf.
After successfully registered in North Carolina, the Corporation or LLC are required to operate in compliance with the Business Corporation Act/Limited Liability Company Act of the State of North Carolina. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
After successfully registered in Washington, both the corporations and LLCs are required to operate in compliance with the General Corporation Law/Limited Liability Company Act of the State of Washington. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
Naming a business is an important branding strategy for a person or entity involved in a for-profit trade or business in California. California fictitious business name, also known as a California DBA (doing business as), is only used for branding purpose and is not a type of business structure.
When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.
Naming a new business is not an easy task in California. Today we will discuss the California Business Entity Names Regulations (California Code of Regulations Title 2, Division 7, Chapter 8.5 Business Entity Names) to help you better understand the rules. Generally, the business entity name must contain proper business entity identifier and must use the English alphabet or Arabic numerals (0, 1, 2, 3) or symbols or a combination thereof.
After successfully registered in Illinois, the Corporation or LLC are required to operate in compliance with the General Corporation Law/Limited Liability Company Act of the State of Illinois. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.