[PatrickMTKT]

FUNd:
I take it that you have very little knowledge about corporate laws. I specifically mentioned about C-Corp. Here is a corporate law 101 for you:

In a C-Corp, the shareholders have no right to sign anything. The shareholders can elect board members; and the board, as a whole, can hire officers, such as CEO, CFO, etc. The board gives resolution(power) to the officers to perform day to day operational tasks for the company, such as seeking for finances.

If a C-Corp is to ever take on any financing, the contract will be either signed by the CEO or CFO. Shareholders or Board Members CANNOT sign in these type of contracts.


Of course in this MCA world, most of the business entities are sole-prop, LLC or S-Corp, which tie directly with the owners.

[FUNd]

FUNd:
I take it that you have very little knowledge about corporate laws. I specifically mentioned about C-Corp. Here is a corporate law 101 for you:

In a C-Corp, the shareholders have no right to sign anything. The shareholders can elect board members; and the board, as a whole, can hire officers, such as CEO, CFO, etc. The board gives resolution(power) to the officers to perform day to day operational tasks for the company, such as seeking for finances.

If a C-Corp is to ever take on any financing, the contract will be either signed by the CEO or CFO. Shareholders or Board Members CANNOT sign in these type of contracts.


Of course in this MCA world, most of the business entities are sole-prop, LLC or S-Corp, which tie directly with the owners.

Are you kidding? I see C-corps every day. I don't need in-depth knowledge of "corporate laws", this is a forum for MCA, and I know what my underwriters want, and that's ownership percentage. So it matters, whether you think it should or not.