In this section you should mention whether it is a stock company, a partnership. Tell where the company is incorporated, where it is licensed to do business and what trade name it uses. You should mention if it is a parent company with a subsidiary. If it is a complex situation in which a parent owns part of or all subsidiaries, use block diagrams to show the separate legal entities and draw lines between them with percentages on them.
List the insurance carried by the company or intended to be carried by the company, including, fire, casualty, product liability, flood insurance, life insurance on key employees, and so on. However, list only the insurance that is important to the operation of the company, not health insurance, or the like.
Mention any special taxes that are levied against the company. If you are already in business, mention any outstanding taxes, such as payroll taxes, income tax.
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