Company seal have been used in companies for decades. It ensures the authenticity of the documents issued by the corporation and ensures its identity. A company seal is to be acquired after the incorporation of a company and its importance must not be overlooked. What people may not know is that there are various types of seal in a company aside from company seal that needs to be known and used according to its proper purposes around the corporation issues.
To discover more about the types of seals around the office businesses, read below.
- Company seal
As mentioned before, the company seal is one of the most well-known seal compared to other types of a seal around office work. It is a seal that shows the registered full name of a company. It acts as a represesntation of a company. Meaning if something is sealed with this mark, then the action justifies the whole decision of the company, not only one person. It is very important and it holds a great risk of abuse at the same time. This seal is must be kept safely at all times and used for authorising and approving of documents that are important.
- Invoice seal
A company seal is not able to authorize everything. There is a separate type of seal to authorize invoices that are issued by a company. This is called an invoice seal. This is a more specific kind of seal for a more narrow purpose.
- Contract seal
This seal is used for authorizing/ contracts that the company enters into. This seal is completely optional. In actuality, the use of this seal can be replaced by the common seal instead. However, by making a separate contract seal, the work of authorizing contracts may become more effective instead of continuously relying on the company seal that is also used for many other purposes at the same time.
- Legal Representative Seal
For the legal representative purposes, there is a legal representative seal to use. This seal represents the company instead of an individual, almost like a company seal. Usually, this type of seal is used with the financial seal for bank account opening. It is often required by the bank as evidence of authorization by the company.
- Financial Seal
This type of seal is used for financial related issues such as opening a bank account or authorizing cheques. This seal is usually held by the finance department, specifically the finance director as the highest position in the said area.
The many purposes of several types of seals in a company must be understood well so that their purpose and uses don’t overlap each other and every one of them is used properly. The seals must always be kept in a safe place in order to avoid misuse by an irresponsible individual within the company or even from outside. The implication of getting a company seal into the wrong hands is grave and it is must be avoided at all costs.
