After successfully registered in Florida, the Corporation or LLC are required to operate in compliance with the Business Corporation Act/Limited Liability Company Act of the State of Florida. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
An incorporator is the person in charge of setting up a corporation and registering it with the state. They are responsible for filing the paperwork and signing the articles of incorporation. Each state has different laws about the incorporator, this article will take Delaware state as an example.An incorporator is responsible for setting up a corporation.
According to the Section 371 of the General Corporation Law of the State of Delaware, the words "foreign corporation" mean a corporation organized under the laws of any jurisdiction other than State of Delaware.Delaware law requires every corporation that is doing business in this state but is formed in another state or jurisdiction to submit a completed “Foreign Qualification” form with the Division of Corporations along with a Certificate of Existence issued by that state or jurisdiction.
Domestication, sometimes known as re-domiciliation, transfer, continuance, is a process by which a non-U.S. entity transfers its domicile from a foreign jurisdiction to the U.S. while continuing the existence of the entity in its place of organization.“Foreign jurisdiction” is defined in the Delaware General Corporation Law (the “Act”) as “any foreign country or other foreign jurisdiction (other that the United States, anystate, the District of Columbia, or any possession or
Over time, the business owner may decide that the business name no longer accurately reflects the brand. Or you might decide you would be better off legally to have a different name. Depending on the entity type and location, the process for changing a business name varies. This article will give you brief about how to change your business name in the U.S.
After successfully registered in New Jersey, the Corporation or LLC are required to operate in compliance with the Business Corporation Act/Limited Liability Company Act of the State of New Jersey. This guideline note intends to provide a summary of those on-going compliance requirements for the interest of our clients.
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.