| WHY SHOULD I GET A CORPORATE BINDER, SHARE CERTIFICATES, & SEAL? |
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Investing in a corporate binder, share certificates and seal (also known as a "Corporate Kit") is a good idea. These kits contain the corporation's essentials:
After receiving the corporate kit, the board of directors should have it present at their first board meeting. They will need a sample of the share certificates to approve their form. Also, they will be able to insert the bylaws into the binder after they have ratified its adoption by the incorporator. You can read more about this in the FREE proposed agenda to the First Board Meeting. |
| WHAT IS THE "ENDORSED - FILED" DATE FROM THE SECRETARY OF STATE? | |
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When the California Secretary of State receives your articles of incorporation, they will stamp it in the top right corner with a date. Above the date, it will say "Endorsed - Filed" as in the example below.
This date of filing is the date on which the corporation begins its existence. California Corporations Code section 200(c). It will be used to create the corporate seal and it will be printed on the corporation's share certificates, both of which come as part of the corporate kit. |
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and Conditions. The material above is NOT a complete explanation of the law regarding the form's subject matter -- it only provides specific legal information regarding the associated form. It is not intended to provide information outside the scope of the associated form. It is intended to explain only certain legal concepts in simple terms in order to help the reader understand what the form is for and how it's generally used. Also, the above information is not legal advice. It is GENERAL legal information that merely states the law. If you need legal advice about your own particular situation, you must hire an attorney that can listen and apply the law to your specific facts. Also, the foregoing information and the form related hereto pertain only to California law, unless indicated otherwise at the top of the corresponding |