How do you keep records of corporate minutes? Every business owner understands the importance of being organized in order to stay on top of things. This is necessary when your business starts to grow and the state requires holding regular meetings involving the directors and its shareholders. It is for this reason, in relation to
Maintaining a corporate records book is important for legal and strategic purposes in running a business. This is to make sure that nothing is overlooked by staying on top of things while carrying out administrative tasks. It also ensures the protection of your personal assets against creditors and lawsuits in the event that your business
There are two (2) ways to register for an Employer Identification Number (EIN) and we have already discussed the option of registering online. We would also like to provide you with instructions on how to register by mail. Previously, we have learned the importance of acquiring an EIN from the IRS, especially when you have
The Organizational Structure and Management Section of a business plan contains information about your organization’s structure. That includes details of the members’: duties expertise qualifications and education Business plan formats vary. Oftentimes this section comes after the market analysis. It is particularly important if you have a partnership or a multi-member Limited Liability Company (LLC).
What Is a Company Profile? An introduction to your business It explains what your business sells and why your business exists Usually includes the story behind how your business came to be, as well as its culture, values, mission, and vision Uses of a Company Profile A marketing tool that could help attract customers and
How to write a business plan, you ask? Let me explain. A business plan is a well thought out and carefully planned written document that determines the objectives and strategies of a business. It is also an important tool that can be utilized as a means of pooling funds for capitalization when your business is
A stock subscription agreement is a legal document in the form of a contract. It is also known as a “share purchase agreement”. This is between two (2) parties for the transfer of ownership or sale of stock in a company. Oftentimes, companies issue shares to sell to a buyer and the agreement provides details
Do you already know how to conduct your initial board meeting? What happens in that meeting? The board members and the initial directors at this meeting will elect the first board of directors, process the approval of governing documents, and make resolutions. This initial meeting doesn’t have to be longer than necessary but it usually
How to open a bank account for your LLC? Having separate financial entities make it easier for an accountant to calculate the taxes you owe. It lowers your tax bill and it won’t be hard for your bookkeeper to distinguish between your business and personal finances. In addition, having a separate bank account projects a
What Is A Partnership? You may be asking how to form a Nevada Partnership. Let’s define what a partnership is first. A Partnership is a type of business entity where two (2) or more people are in agreement to form and conduct business. Partnerships can be in a form of LIMITED PARTNERSHIPS (LP) or LIMITED
