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Keep accurate records for monitoring the health of your company. It’s difficult to spot patterns, calculate ratios, or make decisions in the future without these records. You’ll also require these records when you file tax returns and to back up the information that you present in your financial statements. These include income (profit and loss) statements as well as balance sheets.
Many states have corporate departments or secretaries of state offices who require companies to provide an official statement of ownership. These documents are available on the internet in the majority of instances. You can search for these documents by name of the company, and often the websites will provide the names of officers and directors, addresses, and other details about the company. Certain private companies or firms publish directories of business. The directories may contain the city of a company’s headquarters or where it is registered. They also often include contact information, the principal officer or officers, and a brief description of the type of business the company is involved in.
Many cities require those who wish to do business in their city to register. These documents are available online. Some counties maintain fictitious names of companies, in which the top executives of a partnership as well as their addresses are listed. Some states have a master list of all business names that are fictitious and a few counties as well as the secretary of the state department or the corporation department have made these indexes available online.