In some states, specific tasks are required after you file to form an entity, amend its charter, merge, dissolve, register an assumed name, etc. Two fairly common post-filing tasks? Publication and county recording.
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If a company is out of good standing for a long enough period, it may become voided or revoked. In that case, the company’s name is no longer protected, another entity can form using the same name as the revoked company.
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In business law, the requirement for a “long form Good Standing Certificate” is one where substitutions are an absolute necessity since not all states offer it.
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“Corporate formalities” are steps and precautions that the business must take to ensure that the corporation remains legally distinct from its owners.
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For the convenience of our clients, Cogency Global has provided helpful reference information in the links below to assist those who need to prepare documents for use in other countries.
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You don’t want to register needlessly, as there are annual fees and taxes. However, it is important to properly register to avoid consequences and penalties.
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Wrapping up our series on a company’s lifecycle, we first covered formation and then going public. Now, we explore the final stage.
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Continuing our series, we now explore a company’s decision to go public. Listing on exchanges like the NYSE or NASDAQ unlocks capital, fuels growth, and enhances investor value.
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From start to finish, a company’s journey involves key interactions with the public record, influencing decisions on structure, financing, and growth. Understanding this process is crucial for strategic success.
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Discussion of different entity types: flexible purpose corporations, low-profit limited liability companies, social purpose corporations.
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