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A Corporate Kit is a deluxe binder that houses the paperwork and company details you will need for a new corporation or LLC. In the future, your company’s bank, accountant, potential buyer and/or prospective investors may request access to your Corporate Kit.
A Corporate Kit will be state-specific, meaning that if you incorporate in Delaware, your Corporate Kit will contain information pursuant only to Delaware companies.
In a word, yes. Not only is a Corporate Kit a safe, orderly location in which to house all your company’s documents, but many of those documents can be utilized in court, if the need ever arises. Maintaining your company’s Corporate Kit makes sense, on all levels.
Corporate Kits are especially helpful for corporations, which have more recordkeeping requirements than LLCs, such as corporate minutes.
*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.
There are 2 comments left for Is a Corporate Kit Really Necessary?Susan Barnhardt said: Wednesday, March 24, 2021
We need a corporate kit. Please let me know costs and how to pay. Thank you!HBS Staff replied: Thursday, April 8, 2021
Thank you for reading our blog. We will be happy to reach out to you to provide a quote for our Corporate KitAdrian KC said: Friday, March 12, 2021
Good piece about the corporate kit but no link ot buy it? Are they available or do I need to serach the intenet for them?HBS Staff replied: Friday, March 12, 2021
Thank you for reading our article. We will reach out to help you purchase a Corporate Kit.