Articles of Incorporation - Explained
What Goes Into the Articles?
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What are the Articles of Incorporation?
The articles of incorporation are the documents used to establish the corporate entity. The incorporator files the articles with the Secretary of States Office. The state issues a certificate of incorporation recognizing the corporations existence. The filing fee is generally between $100 and $500, depending upon the state of filing.
What is Included in the Articles of Incorporation?
The articles of incorporation include certain fundamental information about the corporation. Generally, the minimum information includes:
- The Incorporators (individuals organizing the filing and signing articles of incorporation);
- Corporate Name (must include a state-recognized indication of corporate status, such as Inc., Ltd., etc.;
- Principal Business Location (the location where business records will be maintained);
- Corporate Purpose (No longer required in many states, as there is an assumption of any lawful purpose);
- Registered Agent (capable of receiving official mail or service of process for the corporation);
- Type of Equity (this includes the number of shares, types of equity, and par value of the shares).
Any specific limitations on shareholder or director rights that you want to be subject to shareholder vote if it is to be changed later.
- Business Entities (Intro)
- Why is studying business entities important?
- Considerations When Forming a Business Entity
- Holistic (Detailed) Overview of Setting Up a Business Entity
- What are Business Entities?
- What is a Closely-held vs Publicly-held Business?
What are the main types of business entity?
- What are the primary characteristics of business entities?
- What is Maintenance of a business entity?
- What is Control of a business entity?
- What is Compensation of business owners?
- What is Taxation of a business entity?
- What is Sales & Use tax?
- What are payroll and self-employment taxes?
- What are the major characteristics of a Sole proprietorship?
- Uniform Partnership Act
- Uniform Limited Partnership Act
- Partnership Agreement
- At-Will Partnerships
- Responsibilities of Partners to the Partnership
- Silent Partner
- Funding the Partnership
- How are Partners Compensated
- Splitting Equity in an Industrial Partnership
- What are the main characteristics of a Limited liability partnership?
- What are the main characteristics of a Limited liability company?
- Forming an LLC
- Articles of Organization
- Operating Agreement or LLC Agreement
- Why You Need an LLC Agreement
- LLC Compensation of Members
- LLC Taxation
- Converting to an LLC
- What are the main characteristics of a Corporation
- Articles of Incorporation
- What to include in the Articles of Incorporation
- Corporate Bylaws
- Exiting the Corporation
- Dissenter's Rights
- What are the requirements to be an S Corporation?
- Non-Profit Organization
- NonProfit Business Entities
- Private Foundation
- A Detailed Explanation of the Sole Proprietorship
- Taxation of Sole Proprietorship
- A Detailed Explanation of the General Partnership
- 50/50 Partnerships: Never a Good Idea
- Publicly-Traded Partnerships
- A Detailed Explanation of the Limited Liability Company
- A Detailed Explanation of the Corporation
- Keepwell Agreement (Letter of Comfort)
- Personal Service Corporation Definition
- A Detailed Explanation of the Non-Profit Entity
- Public Limited Company (UK)