I wrote recently about
why business buyers should perform lien searches as part of their due diligence process. This week’s featured resource is a series of charts published by third-party search company National Registered Agents, Inc. These charts summarize information relating to filing requirements for each of the 50 states in one handy place.
For example, the
incorporation chart summarizes the corporation law in each state about such matters as cumulative voting, preemptive rights, general purpose clauses, required forms, and fees. NRAI has similar charts for limited liability companies and limited partnerships.
NRAI also has charts relating to foreign qualification of corporations, LLCs, and limited partnerships.
These charts aren’t a substitute for determining the specific requirements for a jurisdiction, but they provide a handy guide and quick reference.
Image credit: Image credit:
Jim Antonio via stock.xchng.
Tax Clearance Basics
When you buy a business, you should make sure that the seller is caught up on paying state taxes. If you don’t, you might find yourself stuck with the bill after closing. Worse yet, you might
Missouri Business Entity Search — Resource of the Week
If you’re looking for business entity information about a Missouri company, the secretary of state’s website is a great place to start. The website has a great search tool for finding information
Certificate of Tax Clearance vs. Certificate of No Tax Due
In Tax Clearance Basics I discuss the importance of obtaining a tax clearance certificate when buying a business. I also provide instructions on how to obtain such a certificate in Missouri. In short,