Who is corporate records service
The corporate secretary is usually designated to keep all of the corporate records. Of course, all records must be signed, and any actions taken must have documentation. If the corporation has shares of stock, the corporate secretary usually the office of this individual keeps track of stock ownership records. The corporate secretary also calls roll at each board meeting, noting which board members are present and absent.
Corporate boards approve overall policies and resolutions decisions , and they don't get involved in the day-to-day decision making of the business. One of the most important activities of a corporate board is to make resolutions. Resolutions are documents that record board decisions. Corporate resolutions can be made on many matters, including:.
All of these decisions, and more must be recorded. As you form your corporation, you will need to check with your state to make sure you are following state guidelines for organizing and running your corporation. These copies are often requested in conjunction with a good standing for the purposes of a business closing or when opening a bank account.
Plain copies are simply photocopies of the filed documents without any certification. A bring down or status certificate , as we now refer to it, is a non-certified document generally stating the name of the entity, the requested jurisdiction and its status within that jurisdiction as of a specified date.
Often times these are requested just prior to a closing. You should also make sure to destroy or wipe electronic copies of the documents as well. Sensitive files saved on portable devices such as laptops, mobile phones and tablets should be password protected and encrypted. Like tax records, it's best to store employment records longer than you may want to in order to protect yourself.
Some say as long as five years after an employee is terminated. Federal, state, and local requirements may vary, but five years should cover most requirements. If your business operates in numerous regions, you may benefit from hiring an employment lawyer that knows the local laws well.
Many of your business documents are available to the public. With a minimal amount of effort, curious searchers could find your business license information, creditor information, lien information and more.
Can people see an actual copy of your return? No, corporate tax returns are not public records. The solicitation form does include a disclaimer in all capital letters, but tiny print: "This is an offer from Corporate Records Service," it states.
This form does not fulfill the Wisconsin annual report filing requirement. Fata, to change the company's solicitation practices to protect future consumers from being misled. Van Hollen, confirmed that the solicitation is from the same company that the state Department of Justice entered a consent judgment with last year, but did not address the Public Investigator's question about whether the solicitation violates the previous settlement.
Documents from the Wisconsin attorney general's office as well as court records suggest Corporate Record Service and Mandatory Poster Agency and its owners are serial scammers. People who have questions about the Corporate Records Service form or filing requirements are advised to contact the DFI at Business owners can also file a complaint with the Better Business Bureau.
Business owners can find instructions on filing annual reports and other corporate documents on the DFI website.
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