What is par value?

A business corporation must sell shares of stock in order to capitalize the corporation, that is, provide the corporation with its own capital, separate from the money of its owners. This separation provides part of the support for shielding the shareholders from personal liability for the debts and obligations of the corporation. Shares of stock [...]

By |2021-03-24T19:17:48-07:00April 28th, 2014|, |0 Comments

What is a Federal Employer ID Number?

If you plan on opening a bank account under your corporate name, most banks will require that your corporation have a Federal Employers’ Identification Number. A Federal Tax Identification Number (also known as a "95 Number" or "EIN Number" ) is a number assigned to a corporation or LLC by the Federal Government for purposes [...]

Where can I get a corporate seal?

While many jurisdictions have abolished the requirement of maintaining a corporate seal, many corporations still prefer to maintain a corporate seal as a formality. Corporate seals range in price from $8 (rubber stamp) to about $75 (steel embosser).  Your can order your corporate seal through our office. You'll need the name of your corporation and [...]

By |2021-03-24T19:17:48-07:00April 28th, 2014|, |0 Comments

What is a corporate director?

The board of directors is essentially the management body for the corporation. Responsibilities of the board of directors include establishing all business policies and approving major contracts and undertakings. In addition, the board may also elect the president. Ordinary business practices of the corporation are carried out by the officers and employees under the directives [...]

By |2021-03-24T19:17:49-07:00April 28th, 2014|, |0 Comments

What is a corporate officer?

While most jurisdictions allow the same person to act in all capacities, that person has different responsibilities depending on the capacity in which he or she is acting. President Vice president Treasurer Secretary (or clerk) Assistant secretary Assistant treasurer Although most jurisdictions allow one person to serve in the three capacities of President, Treasurer and [...]

By |2021-03-24T19:17:49-07:00April 28th, 2014|, |0 Comments