11. Eleemosynary corporations are such as are instituted upon a principle of charity, their object being the perpetual distribution of the bounty of the founder of them, to such persons as he has directed. Of this kind are hospitals for the relief of the impotent, indigent and sick, or de...
Our LLC vs corporation comparision has been crafted to help you decide on the best entity to incorporate your business without the hassle. LLC is great for small business owners who want flexibility without a lot of corporate formality. On the other hand, small and large owner-managed businesses...
paying taxes, filing annual reports, maintaining aregistered agent, etc.) on time. If it fails to do so, a court may deem that it has “pierced the corporate veil” and the business may lose its status as a registered business
The firm is not one of the cheapest options you can find around. MyCorporation has non-discounted pricing that nearly doubles the most affordable companies offering LLC services. Therefore, the price may not be affordable, but fair if you are looking for a comprehensive solution that goes beyond...
To officially create your corporation, you need to complete and submit a document (most commonly known as “Articles of Incorporation”) with the state. Each state has a unique set of requirements for Articles of Incorporation, but generally your articles will need to include your registered agent...
In the event a business defaults on debt or receives a legal judgment for damages, shareholders’ personal assets are generally protected. This limits the financial risk to the amount a shareholder has invested in the corporation should the business fail and enter liquidation....
When you start a new business, the way you choose to structure it legally has far-reaching implications on how you will run, grow, and pay taxes as a business owner. Two of the most common types of business structures are a limited liability company (LLC) and a corporation. They may se...
McColl as the Corporation's Chief Executive Officer. No change was made to Mr. McColl's base salary for 1996. Mr. McColl also did not receive any awards under the Stock Plan during 1996. Mr. McColl currently has outstanding 280,000 unvested shares of restricted stock (adjusted f...
If your business has more than one incorporator, the initial board of directors should be appointed during an incorporators meeting before filing the Articles of Incorporation. The appointed directors should then meet to approve corporate bylaws, determine the share structure, and solidify other matters...
The Secretary of State has its website where you can check for the availability of chosen names. Furthermore, you also have the chance to book that name for two months so no other company can register it on their behalf. It might seem simple, but picking a name for the nonprofit corpor...