Author Archive
How To Use An Affidavit Of Heirship To Protect Real And Personal Property Upon Relative’s Death
By wanderson12 at 22 April, 2010, 12:00 am
In the event of the death of a loved one, an affidavit of heirship is necessary for the transfer of certain property or to record in the land records. There are different laws that govern this form in different states in the US and one should consult the local law manuals when considering making an affidavit of heirship.
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The Importance Of Documenting Your Board Meetings With Formal Board Meeting Minutes
By wanderson12 at 8 April, 2010, 12:00 am
It is essential that corporations keep proper documentation of the board meeting minutes and it is also a legal requirement as well. In fact, there are certain jurisdictions in which not keeping the correct records can lead to liability for shareholders, especially when the shareholders are themselves directors or even in the event that the shareholders enjoy close relationships to the directors of the corporation.
Read More >>The Ins And Outs Of A Bank Guarantee Letter
By wanderson12 at 7 April, 2010, 12:00 am
A bank guarantee letter is a document that an approved bank shall supply in which the bank will certify that an entity has enough funds in the form of deposits with the bank to meet an obligation. You could also say that the bank guarantee is established in the form of written declaration on the part of the bank forming a letter of guarantee in case a debtor defaults on the obligation. The bank shall undertake to satisfy the creditor up to an amount of money as stated in the letter of guarantee.
Read More >>How To Form An Audit Committee With An Audit Committee Charter
By wanderson12 at 7 April, 2010, 12:00 am
Usually a company forms an audit committee charter with the purpose of assisting the Board of Directors fullfilling certain tasks related to oversight, such as the company’s integrity regarding its financial statements and financial reporting processes. The audit committee also is responsible for ensuring that the internal accounting systems and financial controls are properly functioning.
The charter may also have as its aim to check the internal audit services functionality, evaluating the qualifications of the independent auditors and ensure their independence and performance. Lastly, the charter shall also ensure that the company complies with all legal as well as regulatory requirements that also include the disclosure controls and also procedures of the company.
How To Prepare A Proper Bank Reconciliation
By wanderson12 at 7 April, 2010, 12:00 am
When companies use a process to match and compare figures from their records pertaining to their accounts against those found on a bank statement it is known as bank reconciliation. Such a process should end up with the balance of the accounting ledger matching those of the balance of the bank statement. It thus becomes possible to compare a bank account record with the general ledger record and thus ascertain whether there is any adjustment to be made if a discrepancy is found in order to reconcile the bank statement with the general ledger accounts.
Read More >>How To Protect Your Assets And Your Family With A Living Trust Agreement
By wanderson12 at 27 January, 2010, 12:00 am
A living trust is a type of trust formed to hold ownership of the assets of the grantor during his or her lifetime and to distribute the same in the event of his or her death. It is common practice in the United States to use a living trust since it facilitates the transfer of assets to heirs without need to go through probate. Not having to go through probate is very convenient and time saving as well as being private.
Read More >>Document Your Last Wishes In A Formal Last Will And Testament
By wanderson12 at 25 December, 2009, 12:00 am
To ensure the safe passage of the estate of the deceased to their successors, it is wise to use a professional quality last will and testament. The last will and testament holds the final instructions of the person making it, to set forth the means by which to distribute the person’s property in the event of his death.
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