Credit Card Form Statement With Authorized User In Houston

State:
Multi-State
City:
Houston
Control #:
US-0045-CR
Format:
Word; 
Rich Text
Instant download

Description

The Credit Card Form Statement with Authorized User in Houston is a legal document that certifies the resolutions adopted by a corporation's Board of Directors for the issuance of a credit card. Key features include the identification of the corporation, the authorized user, and the credit limit, alongside the requirement that the card be used solely for corporate purposes. Additionally, this form stipulates the necessary officer's authority to enact the resolution, ensuring compliance with the corporation's charter and by-laws. Filling instructions require users to complete the designated fields accurately, including names, credit card issuer, and the specified credit limit. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in managing and facilitating corporate financial responsibilities. It supports effective governance by providing a formal record of authorization, essential for compliance and accountability within corporate finance. The structure of the document ensures clarity and allows for easy verification of details, making it an indispensable tool for corporate legal matters in Houston.

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FAQ

Assumed Names Any individual doing business in Harris County is required to file an Assumed Name reflecting his/her business name and the ownership of the business pursuant to Business and Commerce Code 71.001. The Harris County Clerk's Office files unincorporated and withdrawals of Assumed Names.

The information on such a form must include: Cardholder's name. Card number. Card network (Visa, Mastercard, American Express, Discover, etc.) Card expiration date. Cardholder's billing zip code. Business name. Statement authorizing charges. Cardholder's signature and the date they signed.

A domestic or foreign corporation, limited liability company, limited partnership, limited liability partnership, or other foreign filing entity that regularly conducts business or renders a professional service in this state under a name other than its legal name (the name stated in its certificate of formation or ...

An Assumed Name Certificate must be filed to begin a business. Assumed Name Certificates are good for 10 years. An Assumed Name Certificate must be filed in the county where you plan to conduct business. An applicant may have more than one Assumed Name.

Your authorized user may also qualify for online access, which allows them to use their own credentials to sign in and easily view details related to their card and spending.

The authorized user will likely not receive a monthly statement for the credit card. However, some credit cards can break out spending made by the authorized user within the balance statement so the cardholder can understand which charges were made by whom.

No, credit card authorized users generally do not receive a separate monthly statement; only the primary cardholder does. That's because authorized users aren't responsible for making bill payments. That obligation exclusively falls on the shoulders of primary cardholders.

Potential drawbacks associated with authorized users include possible fees, unequal financial responsibility, credit score impact and more.

Authorized users on credit cards can make purchases, review their transaction history and dispute unauthorized charges. However, they don't have complete access to or control over the credit card account, and they aren't ultimately liable for the debt.

The authorized user will likely not receive a monthly statement for the credit card. However, some credit cards can break out spending made by the authorized user within the balance statement so the cardholder can understand which charges were made by whom.

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Credit Card Form Statement With Authorized User In Houston