What is a Corporate Kit?
Once a corporation has been legally formed and is ready to complete its organization, it will require a “Corporate Kit” to maintain certain of its required records and facilitate stock distribution. The corporate kit will include: • Corporate Seal. • Stock Certificates. • Stock Transfer Ledger. • Sample Minutes and By-Laws. • Minute Book/Binder. • Miscellaneous Forms. A Corporate Seal is a small press into which a document is placed to be embossed. The imprint made by the seal indicates the corporation’s name, state of incorporation and date of incorporation. Corporate seals were at one time required by all states, but are presently optional in some states. However, an impression made by a corporate seal helps to conveys the mark of authority upon business documents. A Stock Certificate is a printed document used to indicate ownership of shares of the corporation. The corporate kit supplied by CCFS contains 20 custom-printed stock certificates which may be issued at the discretion of t
A corporate kit consists of many things that will help you comply with state rules and regulations regarding documentation and record keeping. Corporations are required to hold and keep a record of initial and then annual meetings of the board of directors and shareholders. Stock or membership certificates must be issued to corporation shareholders and a record of the owners must be maintained. A metal seal is used to make an official impression identifying the company on official documents.
