Corporate Kit: Glossary Definition
Definition of Corporate Kit:
A Corporate Kit is a binder used to maintain your company’s important records. A Corporate Kit contains important documents to be used for the continued legal compliance of a corporation. In order to benefit from the “limited liability” features of a corporation, LLC or other limited liability entity, “corporate formalities” must be followed. These include holding initial and annual meetings of directors and stockholders, adopting bylaws, and issuing shares of stock.
A Corporate Kit includes:
- A binder, customized to include your company’s name
- A corporate seal for your company
- Stock certificates printed with your company’s name
- A stock transfer ledger to keep accurate records of stock issuances and transfers
- Sample bylaws
