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.
Summary of SBA 7(a) Loan Rules
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Business owners and potential purchasers of businesses tend to have a number of questions about corporate stock and how it works. This post is a basic 101 tutorial, which answers some common questions