BSPS Blog

  Do I need stock certificates, a seal or a minute book for my company? In short, no. The law did require companies to have all of these items but as times changed so did the requirements for corporate records. Today none of this is required, at least not in the same format. Paper stock certificates are no longer required to track issued shares, they can be tracked on a single electronic stock ledger. A seal is no longer needed. A minute book once used as an organizational device to keep all your company papers in one place can now...

  What is an EIN? An Employer Identification Number (EIN) is a nine-digit number assigned by the IRS to companies for tax filing and reporting purposes. It’s a social security number for your business so you don’t have to use your personal social security number on your business documents. An EIN is required if you want to open a bank account or line of credit in the company’s name, apply for business permits or hire employees. Whether we are forming your new business or helping you with an established company we charge a flat $50 fee to process and submit...