CORPORATE KITS

A corporate kit is a three-ring binder containing important documents like a corporation's corporate seal, meeting minutes of a corporation. It also contains bylaws, stock certificates, and the articles of incorporation. It provides a place to store the important papers of the corporation and the corporate seal and books. They are three-ring binders that are embossed with the corporation’s name on the binder's spine. The corporate kit makes organizing the documents easy as they are stored in the binder. You can place the legal documents in the binder owned by the corporation. The corporate kit looks elegant and makes the corporation look official.

What is there is a Corporate Kit?

•              A corporate kit consists of a gold embossed binder that serves to organize the company’s important documents.

•              It consists of a company guidebook, a state-specific book containing information on topics related to your new corporation that may be helpful.

•              A corporate kit contains the corporate bylaws and the LLC Operating Agreement, which helps the owners customize the LLC’s ownership, membership, management, and daily activities.                                                                       

•              It also contains a meeting minute book where the minutes of the company’s official meetings are kept.

•              Corporate kits contain the 10 Membership/Stock certificates issued to the members of LLC and the shareholders of the corporation. 

•              They have the Membership and Stock Transfer Ledger, reflecting any ownership or membership changes the company may make.

•              A corporate seal is also found in corporate kits. It is used to emboss the LLC’s or significant documents of the corporation.

Deciding whether to Use a Corporate Kit

Some lawyers recommend using the corporate kit on the corporation's formation so that you can organize your documents. Getting a corporate kit is a matter of preference. A corporate kit organizes your important documents and is beneficial for the accountants and professionals who need access to the corporation's records. The corporate kit allows you to keep the corporate documents in place and makes them easy to find.

Corporate kits are not at all expensive, but if you wish to save money, you can do without a corporate kit as long as you have a corporate minute book.

When you form a corporation, it is important to objectify management. This includes the organization of important documents like minutes of the activities, the bylaws, the operating agreements, share certificates, shareholder agreements, and stubs and transfers.

Well-maintained records indicate professionalism and personal peace of mind. Good records demonstrate the business’s independence from the personal affairs of the owners. An LLC can be managed less formally than a corporation as corporation laws require stringent record-keeping and greatly benefits from objective management.