What is a Certificate of Incumbency?

What is a Certificate of Incumbency?

A Certificate of Incumbency is a document that you prepare as a secretary of your corporation. A Certificate of Incumbency is often used to prove that a particular individual is authorized to enact legally binding transactions on behalf of a company. According to the laws of Delaware, you do not have to write down all the information about your company on a certificate of formation. Instead of Certificate of Formation, you can write down all the information on one paper.

On Certificate of Incumbency, you may write down:

  • Company owners’ names,
  • Shareholders,
  • Interest rates,
  • Address of the company,
  • Your local address,

There are two basic differences between Certificate of Incumbency and Certificate of Formation:

  • Certificate of Formation is the document accepted and approved by the state. However, the Certificate of Incumbency is the one that is accepted and approved by Notary of Delaware.

If you need help with preparing a Certificate of Incumbency, we can help you at DelawareAgency with preparing this document. The advantage of using our service for this is we follow the template format that may be something your bank is looking for that should be acceptable.

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