Frequently asked questions

  • I ordered a Corporate Seal and Compliance Kit. Do I need to order ownership certificates?
    CT's Corporate Seal and Compliance Kit includes 10 ownership certificates, so if you have more than 10 ownership interests, you’ll need more. Keep in mind that, as ownership interests change hands or new owners come on board, you must issue new certificates—so you may want to order a few extras.
  • What actions should be documented in the company record book?
    Aside from meeting notes and governance documents (bylaws or operating agreements), major transactions should be documented for the purposes of tax and asset protection. Such transactions include asset purchases, buy-sell agreements, compensation/bonus/retirement plans, and loans to and from owners. These documents often bear a company seal to prove authenticity.
  • Does an LLC need a compliance kit?
    While LLCs typically have fewer state-imposed obligations, every LLC should formally crystallize ownership interests and adopt an operating agreement. Although meetings aren’t required by law, it’s a best practice to keep minutes regardless. Doing so protects the owners and keeps things running smoothly in the long run.
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