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Jan 30, 2024 · Articles of incorporation formally establish a business as a legal entity and provide legal proof that the corporation has a right to operate in the state. The documents, which are sometimes ...
May 14, 2024 · This portion of the articles of incorporation should give a good understanding of what the business does and how it is managed. It does not have to be so detailed as to elaborate what divisions or departments within the corporation do. Type of corporation: Set out whether your corporation is an S corporation (or S corp), C corporation (C corp ...
ARTICLE V The corporation shall have no members. ARTICLE VI The corporation will not issue share certificates evidencing any interest in the corporation, and will have assets Of at least $1,000.00 before it transacts any activities permitted by law. ARTICLE Vil The address of this corporation's principal office is as follows: 1855 Medical ...
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FIFTH: The Corporation shall have no members. SIXTH: The duration of the Corporation shall be perpetual. SEVENTH: Notwithstanding anything herein to the contrary, if at any time the Corporation is or shall become a private foundation within the meaning of Section 509(a) of the Internal Revenue Code, then the Corporation will be subject to the ...
- What Are Articles of Incorporation?
- Understanding Articles of Incorporation
- Where to File Articles of Incorporation
- Articles of Incorporation Document Requirements
- Articles of Incorporation vs. Other Documents
- Importance of Articles of Incorporation
- Example of Articles of Incorporation
- The Bottom Line
Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information such as the firm’s name, street address, agent for service of process, and the amount and type of stock to be issued. The articles of incorporation ...
Many businesses in the U.S. and Canada are formed as a corporation, which is a type of business operation that is formed in the state where the company carries out its operations. To be recognized legally as a corporation, a business must incorporate by taking certain steps and making certain decisions required under corporate law. One such step is...
In the U.S., articles of incorporation are filed with the Office of the Secretary of State in the state where the business chooses to incorporate.Some states offer more favorable regulatory and tax environments and, as a result, attract a greater proportion of firms seeking incorporation. For example, Delawareand Nevada attract about half of the pu...
The articles in the document vary by state, but the following items (i.e. "articles" are typically included: 1. Name of corporation 2. Name and address of the registered agent 3. Type of corporate structure (e.g., profit corporation, nonprofit corporation, non-stock corporation, professional corporation, etc.) 4. Names and addresses of the initial ...
Articles of Incorporation vs. Bylaws
While the articles of incorporation are externally-filed formation documents, bylaws are more of use to a company when used internally. Bylaws set the internal processes and organization of how the company should be run. Bylaws outline the rules and procedures for the management of a company. Not all states require a company to maintain bylaws, though many require a company to formally memorialize the bylaws.
Articles of Incorporation vs. LLC Operating Agreement
Articles of incorporation are required state filings to form a corporation, while LLC operating agreementsare used exclusively for LLCs. In addition, the articles of incorporation outline the information structure of the company. Meanwhile, operating agreements often outline how internal disputes will be resolved between members or owners. An LLC operating agreement acts more of a personal protection document than the articles of incorporation.
Articles of Incorporation vs. Business License
A business license often permits a company to operate within a specific jurisdiction or industry. It gives the holder the right to start and run a business in the designed geographical location that issues the license. The rights granted by a business license are often more specific and niche than the articles of incorporation; though similar information may be required for both, the articles of incorporation simply legally form an organization and is the highest governing document for a corp...
A corporation should take care when filings its articles of incorporation as these formation documents carry great significance. For starters, they are legally required to structure a new business or company. The corporation can not form and be recognized by the state as a legal business entity until the forms are registered. Once a business is inc...
The image below captures the first few requirements from the Secretary of State form required by the state of Washington. This form is to be completed and returned to the government agency for review. Some sections simply require a check mark for applicability or a 'yes/no' mutually exclusive selection. Other areas (such as the purpose of the corpo...
If a company wants to become a corporation, it must file articles of incorporation with its appropriate state agency. This formation document is required as part of the incorporation process, and the articles provide the state a variety of information about the company and its incorporators. Different from other legal documents that outline how a c...
- Will Kenton
Jan 3, 2023 · Articles of incorporation is a public document that a corporation files with the Secretary of State in the state it is registering in. This public record tells people key details about the company ...
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Oct 27, 2020 · There are three main ways to file your articles of incorporation, each with their own pros and cons: File yourself through the secretary of state’s office. File through a legal help site. File ...
