What is a corporate seal?

A corporate seal is a tool used in South Carolina business formation law that is used to provide official documentation of a company’s formation. It is typically a device or stamp that is inked onto paper to display the company’s name, the date of incorporation and the state in which the business formed. Corporate seals are used to authenticate documents, such as contracts, deeds, and other legal papers. In South Carolina, corporate seals are required for many legal documents. For example, the Articles of Incorporation must be sealed and notarized to be valid. The corporate seal is also a symbol of the corporation’s integrity. It signifies that the corporation has been legally formed and is bound by its state laws. It serves as a visible representation of the corporation’s accountability to all parties that it interacts with, including its employees, customers, suppliers, and shareholders. The corporate seal is used to certify the accuracy of documents and certify a company’s authorization to conduct business. In South Carolina, corporate seals must be registered with the Secretary of State’s office. Once registered, the seal must be used on any official documents. This ensures that the documents are valid and binding. Corporations that fail to register their corporate seal may be subject to fines and other penalties.

Related FAQs

How do I set up a business website?
What types of taxes must a business pay?
What is an operating agreement?
What are the requirements for filing taxes for a new business?
What is financial statement preparation?
What type of business financing is available?
How do I form a joint venture?
What are the tax benefits of forming a business?
How can I attract investors for my business?
What is the cost of forming a business?

Related Blog Posts

Understanding the Basics of Business Formation Law - July 31, 2023
What You Need to Know Before Starting Your Business - August 7, 2023
The Financial and Legal Aspects of Starting a Business - August 14, 2023
Why It's Important to Have a Legal Guide When Forming Your Business - August 21, 2023
Navigating State and Federal Laws When Forming a Business - August 28, 2023