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Business glossary

Company terminology, explained without unnecessary complexity.

A plain-language reference for common terms used during formation, banking verification and annual compliance.

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Corporate records and reference documents

A–Z reference

Understand the words used around your company.

Annual Report

A periodic state filing used to confirm or update company information and maintain the entity record.

Apostille

A certificate that authenticates the origin of a public document for use in another participating country.

Beneficial Owner

A person who ultimately owns or controls a company, subject to the definition used by the relevant authority or provider.

EIN

A US federal tax identifier issued to an entity by the Internal Revenue Service.

Foreign-Owned LLC

A US limited liability company with ownership held by a person or entity outside the United States.

KYC

Know Your Customer checks used by financial and other regulated providers to verify identity, ownership and risk.

Operating Agreement

An internal LLC document describing ownership, management and operating rules.

Pro Forma Form 1120

A limited Form 1120 filing used as the cover return when certain foreign-owned disregarded entities submit Form 5472.

Registered Agent

A person or provider authorised to receive official legal and state correspondence for a US entity.

Registered Office

The official public address of a UK company for statutory correspondence.

Confirmation Statement

A UK filing used to confirm that the information held by Companies House is accurate or has been updated.

Good Standing

A general description of an entity whose required state or registry filings and fees are current.

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