Keep accurate records to monitor the health of your business. 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 also to support the data you include in your financial statements. These include income (profit and loss) statements and balance sheets.
Most states have departments of corporation or secretary of state offices that require businesses to file an official statement of ownership. Many have these documents on the internet. You can search these records using the name of the company and the websites typically provide a list with the names of directors and officers along with their addresses, as well as additional details about the business. Some private companies or firms have directories of businesses. These may list the headquarters city, or the city where a business is registered, and often include contact information as well as the principal officer or officers of the company and a short description on the type of business with which the firm is involved.
Many cities require anyone who wants to do business within their city to be registered. These documents are accessible on the internet. Some counties maintain fictitious company name indexes where the top executives of a partnership as well as their addresses are listed. Certain states have a master index of all business names that are fictitious and some counties and the secretary of state or corporate departments have made these indexes available online.
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