The term “authorized shares” refers to the total number of shares that the company is permitted to issue to all shareholders. The term “issued” or…
Yes. The partnership (whether it is a limited liability partnership, limited partnership, or other type of partnership) must issue at least one unit or percentage of…
Yes. the Corporation must issue at least one share in order to be properly formed. Otherwise there were no owners (shareholders) of the business. Shares…
An EIN (Employment Identification Number) is a tax identification number provided by the IRS for tax purposes. You will need open a bank account, hire…
A director (or member of the Board of Directors) is the name given to a corporate position which manages the officers of the corporation. The…
Not for purposes of the Business’s incorporation address with the Secretary of State, IRS EIN number, or registered agent address. These need to be actual…
Yes. State laws (including California and Delaware) generally restrict what names an be used to register a new business: The names must not be the same,…
State laws require new corporations to contain a suffix that clearly indicates to the outside world that they are incorporated as an LLC. It is…
State laws require new corporations to contain a suffix that clearly indicates to the outside world that they are incorporated. It is a requirement that…
Corporation Sole Proprietor / Partnership / LLC / LLP Borrowing from retirement plan permitted Yes, subject to certain limitations No Retirement plan contribution…