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Last piece in the Incorporating Puzzle
Financial Planner
What is a Corp Kit?
NUMBER ONE RULE IS:
"IF YOU DID NOT WRITE IT DOWN, IT NEVER HAPPENED"
Beware of the Corporation Kits
We at CorpNevadaOnline.com prefer our clients to be well informed and educated. With all the different companies seemingly doing the same thing, we think it is important to go into detail on how important the documentation of a company is for its existence.
A corporation is an entity in it's self, the way this entity functions is through documentation. That documentation is the body of the company, the rules. The documentation consists of meetings, resolutions, ect. When deciding how you want your company to run you must elect Officers, Managers, and decide who the members, stock holders, (owners) are going to be, this all happens in the Operating Agreement (LLC), By Laws (Stock Held) and the Minutes of the Meetings. What a lot of incorporators are selling is a Corp Kit, this is a pretty generic set of documents and you fill in the blanks. Which means you are sitting at your desk trying to figure out who's name goes where. A lot of the time this paper work never gets filled out at all.