Incorporation Specialist Blog

Are there shareholders in an LLC? Limited Liability Companies do not have stock or bylaws. In fact, LLCs have almost no features of corporations. LLCs are known in legal circles as “unincorporated entities” because they are creatures of contract, rather than corporations which are creatures of statute. But what does it mean to be a […]

What Is a Certified B Corporation? Certified B Corporations are for-profit entities that exhibit world-class standards for sustainability, transparency and accountability. These standards are audited periodically by the independent industry standard organization, B Lab.  B Corp Certification can be likened to Fairtrade or USDA organic certification for products such as bananas or milk. The difference […]

What is A DUNS Number? DUNS stands for the “Data Universal Numbering System”. The DUNS Number was created by data services company Dun & Bradstreet (D&B), and is designed to mimic the personal credit reporting system but for commercial businesses. Lenders widely recognize the system as the universal standard for establishing the creditworthiness of companies. […]

Counterparties can rely upon the signature of a President to know that a Corporation will be bound to an agreement without being able to disavow the contract as not being authorized. This is because the President is cloaked with authority to act on behalf of a Corporation. Likewise, Vice Presidents have authority to bind the […]

What Is A Beneficial Ownership Information Report (BOIR)? Starting in 2024, U.S. businesses need to submit Beneficial Ownership Information to FinCEN. These reports include personal information about significant people involved in the company, including owners and managers. CTAboi.com has a Complete Guide to Beneficial Ownership Information Reporting (BOIR) Imagine you are an FBI agent investigating […]