When you first formed your business you made have decided to purchase a company seal. A company seal is also known as a corporate seal or a common seal. The seal acts as the signature of the business. It is most commonly used when opening a bank account, signing deeds, branding a stock certificate, or other legal documentation.
Although no longer mandated in all areas, the seal maintains the authenticity and identity of a corporation. Check with your bank to see if a seal is necessary for banking purposes.
Whats on a company seal?
In the olden days, a seal was a wax imprint on a document. It has since come a long way with the amount of information it needs to include. Now the seal is a circular metal that embosses documents when stamped. In New York and most states the following information is required on a seal:
- The company name
- The type of business entity (Corp, LLC, Not-for-Profit)
- The year of formation ( California & Hawaii require the date of formation as well)
- The state of formation
If you are interested in purchasing a company seal they are available on our sister website: