SINCE 1974 
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Certificate of Incumbency What Is A Certificate of Incumbency? A Certificate of Incumbency is an internal company document that provides details about the company’s leadership at a moment in time. Certificates of Incumbency are particularly useful for verifying authorized people within a company during processes like opening bank accounts or securing financing. For corporations, the Certificate of Incumbency […]
LLC What Is a 501(c)3 Organization? 501(c)3 is an IRS code section that defines what qualifies as a tax exempt organization under federal law. To receive a tax determination letter from the IRS, approving the 501(c)3 status, a non-stock corporation must submit a Form 1023 or Form 1023-EZ application with the Internal Revenue Service (IRS). A […]
Incorporate What Does “Incorporation” Mean, Exactly? “Incorporation” is the process that many business owners go through to legally separate themselves from their business and protect their personal assets. Incorporating a business means filing documents in a state to turn the business into a legal entity. Most businesses incorporate as either a corporation or a limited liability […]
Incorporate What is the difference between a corporation and incorporation? A “corporation” is the business entity itself. “Incorporation” is the act of starting a corporate business entity. A corporation (Inc.), a limited partnership (LP), and a non-profit (non-stock) corporation are incorporated entities. This means they have filed their corporate charter, the founding document, with the state […]
Business Insights Here we cover how an LLC can open a bank account and what documents may be required. What is an LLC Bank Account? An LLC bank account is a business bank account opened specifically for a Limited Liability Company (LLC). Opening a separate bank account is an important part of setting up a business as […]