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

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Today’s Question — Saturday, February 4

Must my corporation’s name end in “Inc.”?

No, you can typically choose from “Inc.”, “Incorporated”, “Corp.”, “Corporation”, “Limited” and similar names and abbreviations to indicate to the public that the entity is a corporation. The law varies from state to state and should be considered when forming your corporation. However, corporations do typically need to use one of these words or abbreviations.

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