What is a Registered Agent?
A registered agent is a person designated to receive legal notices, services of process, and other official documents delivered to the corporation. All corporations must have a registered agent onfile with the Secretary of State. The address of the registered agent must be a physical address,not a PO box.The person designated to be the registered agent may be an employee, officer, director, or shareholder of the corporation or LLC, or he or she may not be affiliated at all with the corporationor LLC at all.Additionally, the registered agent must be available during normal business hours. If you do NOThave a person who can act as a registered agent in the State in which you are incorporating,Click&Inc can provide one for you simply by clicking on that option during the order process.
What are Shares of Stock? What is par value?Who sets the stock price?
Shares of stock represent the percentage of a corporation a shareholder owns (in LLCs therearen’t shares of stock per se, instead a member simply has an ownership interest, which can butdoesn’t have to be indicated on a certificate). Shares of stock are written articles that representthe amount of money invested in the corporation by an individual shareholder. The corporationdetermines, at the outset of incorporating, how many shares it shall issue and what classes of shares (No Par, Par, Common, Preferred, Participating, etc.) it will issueEach share represents ownership in the company, and it entitles the holder to certain types of rights (voting rights, dividends, etc). A stock certificate is the document which indicates thenumber of shares a shareholder of a corporation owns.
Par value is the minimum amount of money for which a share of stock can be sold. Shares canalways be sold for an amount greater than the par value. Stock that has
no par value
is stockmeans that there is no specific minimum value assigned to it.The stock price is set by the board of directors of a corporation (the managers or members of anLLC would determine the price of ownership in an LLC). Prospective shareholders can purchaseshares for money or obtain them in exchange for goods or services provided to the corporation or LLC.
Do I need a tax ID number?
Yes, all corporations and LLCs must have a federal tax ID number to do business. This number will be required to fill out payroll reports, pay taxes, open a business checking account, etc.IRS Form SS-4 is the one which is used when applying for an EIN number. Click&Inc is the onlyonline incorporation service that drafts the SS-4 for you at no additional charge, regardless of what incorporation package you select.