Day
Define:
- Shareholder:
- : Directors:
- Officer:
- Shareholder: Owners of the company exchanging assets for shares of stock.
- Directors: Appointed by shareholders to oversee management.
- Officer: Appointed by directors to handle daily operations.
Since WWII, British battle tanks include what beverage equipment?
Tea. The British Army deigned special tea kettles to be installed its tanks.
What is the purpose of Bylaws?
-Bylaws serve as an internal document that outlines ownership structures and governance agreements among key parties.
What animal is known to have the most powerful bite in the world?
The Nile Crocodile’s bite is 30 times stronger than that of a human.
When a client reports filing their own Annual Report and no longer needs
renewal or compliance services, what steps should be taken?
What animal hibernates the longest?
Snail. Snails can hibernate up to 3 years!
How far in advance do we invoice clients, and why?
We invoice clients 90 days in advance to provide sufficient time for planning and preparation.
What is the name of the little dot seen above the ‘j’ and the ‘i’?
a Tittle. The cross seen in ‘t’ is called a jot, so make sure to jot your t’s and tittle your i’s.
What document is influenced by Manager-Managed/ Member-Managed structure:
- Operating Agreement (OA).
What’s the smallest country in the world?
Vatican City
What entity is fully anonymous in Wyoming:
- An LLC.
How are reinstatement fees determined when the LLC was dissolved for not have an agent?
What is the average WY Annual report deadline and what do we charge in Wyoming?
- Due date: First day of the company's anniversary month.
- Our fee: $163.
How are reinstatement fees calculated for missed annual reports?
What types of questions can we assist with the phone service?
General service inquiries, Reinstating Service, Etc
In the city of Gainesville in Georgia, what does the law prohibit being eaten with a fork?
Fried Chicken. Gainesville made the law in 1961 as a way to promote the city as the ‘poultry capital of the world’.
Why might a client need to file an amendment?
-To change the company name or to change the company’s subtype, or share info.
How can you tell the age of a horse?
the Lines on its Teeth. This is where the saying “don’t look a gift horse in the mouth” comes from.
If a client requests an update to their address on state records, what is the required procedure?
The client must submit an Address Update Amendment.
Which continent has the largest freshwater resources?
Antarctica contains 70% of Earth’s freshwater and 90% of its ice.
What entity has private status in Wyoming for the first year:
- A Corporation.
What is an 8822-B
Does a US Citizen have to use a SSN to apply for an EIN:
- Yes, SSN is required.
What is the only food that never goes bad?
Honey
What steps are required if a client requests to change a member or manager of their company?