Tag: Corporate Formation Services

List of Documents You Need to Understand For Corporate Formations

On May 25, 2020, in Corporate, by John A. Weber IV, ESQ.
Corporate Formation Services

Corporate formation requires proper planning to ensure that your companies legal needs are protected and that you plan for the success of your corporation.  Failing to hire the right attorneys can be costly in the long term. Knowing the list of documents that you require for a corporate formation is the best way to keep the whole process smooth.

Allow us to present the list of documents required for incorporating a business!

  1. Business Name Reservation Form

A business name reservation form allows you to reserve a unique name for your business while completing the whole incorporation process. This form is required because no two businesses can have the same name.

  • Articles of Incorporation

You have to file these documents with the state for your corporation to exist. It typically includes the business name & address, purpose of the corporation, number & type of shares, corporation’s registered agent, etc.

  • Corporate Bylaws

Corporate bylaws lay out how the shareholders, officers, and directors will split control within the organization. These are the main organizational documents for a corporation.   If this in not done correctly, the company may run into serious trouble in the future.

  • Meeting Minutes

Corporations are required to maintain and store corporate records for government audits and other legal purposes. Meeting minutes document important decisions of the company.

  • Board Resolutions

These document board decisions and show how all the directors voted on different matters. These documents are also important for compliance reasons in case any of the board’s decisions come into question.

  • Stock Certificate

A stock certificate is a piece of paper that records the sale and purchase of shares in the corporation. These certificates specify the business name, shareholder’s name, date of sale, signature of the member who authorized the sale of stock and the company seal.

  • Shareholder Agreement

Shareholder agreements contain the rights and responsibilities that are not mentioned in the corporate bylaws.

  • Annual Report

All the registered business entities have to file an annual report by a certain date every year. It mentions basic information like the company address, names & addresses of the owners and information of the registered agent. Corporate formation attorneys can help you with managing all sorts of corporate formation formalities. Contact us and get the most appropriate legal assistance.

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Reasons Why You Need To Hire a Corporate Formation Attorney

On May 13, 2020, in Corporate, by John A. Weber IV, ESQ.
Corporate Formation Attorneys

People generally ask: Why do we need to hire a corporate formation attorney? It is normal for people to ask a question like this when starting a business, for various reasons.

 Are you among these people? We have the answer for you!

  1. Creating Partnerships & Incorporations

Corporate formation services can help you in creating partnerships and facilitate the process of incorporation. These services allow you begin with possible growth potential, profitability and flexibility, since the lawyer helps you understand a variety of options in corporate formation.

  • Avoid Legal Problems

 The nuances of a corporate formation process must be done correctly and precisely to ensure that your business vision is not derailed by insufficient legal terms. A situation may arise when a legal hindrance causes you to halt the process for a while. However, if you hire a corporate formation attorney, the case is easier since you don’t have the stress of diving into the legal details yourself.

  • Completion and Filing of Required Paperwork

Going through the process of completing and filing paperwork is time-consuming. By hiring a highly competent lawyer, all the paperwork is done by them. Additionally, if you are required to sign any documents, the lawyer can review them for you before you sign. This keeps you clear of confusion and ensures proper legal guidance as you begin your business.

  • Protection of Your Interests

Many business owners are not aware of the legal requirements of corporate formations and running a business. A lawyer keeps you informed of the obstacles and solutions, which are highly beneficial for you.  A corporate formation attorney provides the legal guidance necessary so that you only have to worry about your business while they worry about the potential legal pratfalls.

Final Thoughts:

Seek corporate formation services from the Law Firm of Vaughn, Weber & Prakope, PLLC and our lawyers will help you go smooth with the corporate formation process. Call now!

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