|
Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/whats-the-bare-minimum-i-need-to-operate-as-a-corporation/ Export date: Tue Apr 23 12:38:51 2024 / +0000 GMT |
What's the bare minimum I need to operate as a corporation?In terms of capital (i.e., cash money), it depends on your business; one common rule of thumb is 3 months' worth of cash to run the business. If you mean compliance, you'll need annual minutes 1 and, in California, an annual filing with the Secretary of State 2. You'll also need to memorialize extraordinary transactions, like leases and financings, in your corporate records. Without minutes and/or consents, you could expose the shareholders 3 to personal liability, known as "piercing the corporate veil". |
| Excerpt: In terms of capital (i.e., cash money), it depends on your business; one common rule of thumb is 3 months’ worth of cash to run the business. If you mean compliance, you’ll need annual minutes and, in California, an annual filing with the Secretary of State. You’ll also need to memorialize extraordinary transactions, like leases and financings, in your corporate records. Without minutes and/or consents, you could expose the shareholders personally to liability. |
Links:
|
|
Post date: 2015-08-08 09:18:11 Post date GMT: 2015-08-08 16:18:11 Post modified date: 2020-08-05 11:03:51 Post modified date GMT: 2020-08-05 18:03:51 |
|
Export date: Tue Apr 23 12:38:51 2024 / +0000 GMT This page was exported from Ready. Set. Incorporate! [ https://www.readysetincorporate.com ] Export of Post and Page has been powered by [ Universal Post Manager ] plugin from www.ProfProjects.com |
