Tips If you do not feel comfortable writing the articles of incorporation on your own, you can hire an attorney or an incorporation service to write the articles of incorporation and even file for the incorporation of your business for you.
What should the corporation name include? President, VP, Secretary Duration: Some states allow you to check online whether your company name is already taken and registered.
What is Included in the Articles of Incorporation No matter the type or size of your new business, most states require that the articles of incorporation include, at a minimum, the following information: At times, per the discretion of the board of directors, we may provide internships or volunteer opportunities which will provide opportunities for involvement in said activities and programs in order to have a greater impact for change.
Our programs include sending out ambassadors to raise social consciousness about the cause on a local and global level, and to hold fundraising events in order to provide immediate relief and assistance to those suffering from chronic malnutrition and hunger regardless of their race, ethnicity, or religion.
Stock information -- including number of shares the corporation is authorized to issue, designation of classes of shares, and value of each share. The corporation may, however, pay reasonable compensation for services rendered, and make other payments and distributions consistent with these Articles.
Corporate bylaws establish the everyday rules and guidelines of running a business and not mixing your personal debts and assets with those of your business.
For tax purposes, the IRS allows you to file one form for yourself and your company. The registered agent is the person responsible for or authorized to work with the legal documents of the corporation.
Select your state to get started.
List the stock information of the corporation. As an unincorporated business, the law treats you and your business as one entity. For example, about half of public corporations choose to incorporate in Delaware and Nevada to save taxes. Should I Incorporate my Business? The period of duration of the corporation is perpetual.
If the articles name the director s of the new corporation, the director s may also be required to sign the articles of incorporation before they are filed. Check with the secretary of state to see if it has a sample form or a form you complete to write your articles of incorporation.
In the event that the court shall find that this section is applicable but that there is no qualifying organization known to it which has a charitable purpose, which, at least generally, includes a purpose similar to this corporation, then the court shall direct the distribution of its assets lawfully available for distribution to the Treasurer of the State of Montana to be added to the general fund.
The property of the corporation is irrevocably dedicated to its educational and charitable purposes. Principal Place of Business: If you are the sole owner of the corporation and you issue 1, shares of stock, then you will be percent owner the shares of stock that are issued.
No part of the assets, receipts, or net earnings of the corporation shall inure to the benefit of, or be distributed to any individual. Write the name of the business and the principal business address. The corporation name should be the full name of the corporation with a corporate suffix at the end i.
Retail businesses, in danger of lawsuits for a slip and fall or other small mishaps, should consider purchasing general business liability insurance to cover any accidents. The increased liability protection is particularly useful if your business has employees or if your products or services put you at risk of being sued by the general public.
The articles of incorporation list the total number of shares of stocks that are issued, who the stocks are issued to and how many shares of stock are issued to each person.
Consquences of Not Using Articles of Incorporation 1. A New York Times article highlights how Delaware thrives as a corporate tax haven for nearly half of all public corporations in America. Independent of where you incorporate, companies may also need to create corporate bylaws to formalize the incorporation process.
Next Steps Contact a qualified business organizations attorney to help you choose the best formation for your business. Once filed and approved by the state, the articles of incorporation legally create the corporation as a registered business entity within the state.
Identify the registered agent for the corporation. In some states, the filing fee varies if the new corporation is a non-profit rather than a traditional for-profit corporation. This can be you as the owner of the business or you can name another authorized party as the registered agent.All articles of incorporation identify the name and address of an agent of the corporation, someone to whom mail can be addressed.
This address is considered the address of the corporation until changed. FLORIDA DEPARTMENT OF STATE. DIVISION OF CORPORATIONS. Attached is a form for filing Articles of Amendment to amend the articles of incorporation of a Florida Profit Corporation pursuant to sectionFlorida Statutes.
This is a basic amendment form and may not satisfy all statutory requirements for amending. DO NOT WRITE ABOVE THIS LINE; RESERVED FOR ACC USE ONLY. ARTICLES OF AMENDMENT. Li. 1. ENTITY NAME – give the exact name of the LLC as currently shown in A.C.C. records.
Ultimately you can write whatever you want in your Articles of Incorporation, as long as the state minimum requirements are met when you file the articles with the Secretary of State. If you meet the requirements you’ll get a new corporation established. If you decide to write them yourself, your articles of incorporation will most likely be accepted for filing in your state as long as they contain the minimum information identified above in bullet-point.
Articles of Incorporation: Filing and Fees. Jun 26, · How to Amend Articles of Incorporation Three Parts: Preparing for the Change Proposing the Change at the Board Meeting Fulfilling the Formalities Community Q&A Articles of Incorporation is the document that a business files with its home state in order to become a corporation.