LifeSiren

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Keys to Abundance
December 3rd, 2009

Buy corporate seals for a C corp

Once you have finished the incorporation for a C corp, one option that you need to consider is buying corporate seals. Before you make the decision on whether to buy corporate seals or not you will need to evaluate whether corporate seals will work for your C corp. To determine if corporate seals will be beneficial for your C corp you will want to find out about the various uses of corporate seals, so you can determine if your business will take part in those activities. If your C corp plans on partaking in some or all of the activities it is a good idea for your C corp to buy corporate seals.

One of the main uses of corporate seals is for opening bank accounts. While not all bank accounts will require you to have a corporate seal to open an account, some still have that requirement. The reason that some banks require you to use a corporate seal when opening a bank account for your C corp is that the corporate seal acts as a signature for the corporation, especially when incorporators do not wish to give their own personal guarantee because they do not want to be held liable.

If your C corp plans to do business in foreign countries, you will need to buy corporate seals because most foreign countries still require the use of corporate seals when doing corporate business. Corporate seals are used to issue stock certificates, and they are used to execute deeds in the corporation’s name. In the United States many deeds can be executed without a corporate seal, but overseas they are still required because the corporate seal authentic the transactions. Issuing stock overseas requires a corporate seal so that the stock certificate is legitimate, without the corporate seal, anybody can make a fake stock certificate.

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