The use of the company seal should be documented in the Articles of Association or in the board meeting's minutes. Real estate transfers or land contractsĪdditionally, a company seal cannot be used without prior approval.There are a few situations when it is appropriate to use the company seal: It should also not be used for vendor contracts. It should not be used to record meeting minutes or for service level agreements. The company seal should only be used sparingly and for the most important of business transactions. Different states have different requirements as well, so it is important to check with your state if a corporate seal is needed for legal documents. Corporate seals may still be used for bank accounts and other smaller corporate accounts, but they are not often used for legal documents anymore. Corporate seals are not used as often today. However, technology upgrades made it difficult to authenticate the corporate seal. This prevented individuals from making decisions without the other members of the corporation agreeing to them. The official signature, or seal, was once required to sign any official documents. This seal acts as the official signature of the corporation. A corporation is legally considered to be a separate entity from the individual members. What Is a Corporate Seal?Ī corporate seal is similar to a state seal except that it is the official seal of the corporation. Although the company seal is no longer required, it can provide a sense of authenticity to a business document. How to get a company seal is a business step that many new business owners wonder about. How to Obtain a Corporate Seal for a Corporation 5.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |