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Things you need to know about Treasurer's Affidavit (for incorporation of corporation).
1. What is a Treasurer’s Affidavit?
The Treasurer’s Affidavit is an affidavit executed by the corporation’s treasurer certifying that (a) at least 25% of the corporation’s authorized capital stock has been subscribed; and (b) at least 25% of the subscribed capital stock has been paid.
The Treasurer’s Affidavit is just one of the many documents the SEC will require you to submit to incorporate your corporation, such as; (a) cover sheet (available here); (b) name verification slip (may be secured online from the SEC or at the SEC’s Name Verification Unit); (c) by-laws; and, if necessary (d) endorsement from other government agencies. Please check here for more information regarding these requirements that may apply to your business.
2. What information do you need to create your Treasurer’s Affidavit?
To create your Treasurer’s Affidavit you’ll need the following minimum information:
The details of the corporation’s treasurer (i.e. name, address, TIN)
The corporation’s name
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