What are “corporate formalities” and are they necessary?
Traditionally, the management functions of a corporation were conducted by the corporate directors holding meetings and voting on various corporate actions and resolutions. This is one of the attributes that qualified a corporation as a separate legal entity. In a broad sense, the terminology “corporate formalities” refers to all of those actions taken by a » Continue…
Can I incorporate without using a lawyer?
Yes. Using an attorney is not required when filing a corporation or LLC. However, you do need to know your state filing requirements and how to prepare bylaws, minutes, stock certificates, etc., so that your corporation will be properly organized. If you don’t do it right, you could lose the important liability protection that a » Continue…
Can I form a one person corporation? Are there any special requirements?
Most state laws allow the formation and operation of a corporation by just one person. This is one of those questions that require looking at the specific state requirements of the state in which you plan to register your corporation. Some states require more than one director or require the secretary to be someone different » Continue…
What is a “corporate seal” and do I need one? Where can I get one?
A “corporate seal” is a seal much like a notary seal but with the corporate name imprinted on it. In past years, corporate seals were used more frequently to authenticate corporate documents. In my experience, corporate seals are seldom used today. Occasionally, a bank or some other institution will ask for your corporate seal on » Continue…
