Forming a company offers a lot of advantages to people seeking to elevate their businesses to another level. Doing so allows them to separate themselves from the liabilities that their business might incur from loans and debts, to name a few. All successful business giants allowed themselves to stay afloat because of it.
An article of incorporation is a declaration of the formation of your company. In writing your articles of incorporation, you should always begin by providing its necessary information, such as its name and the address of its principal place of business. Next, specify the purpose of the formation of your company.
You can do this by setting whether your company will exist and operate as an LLC or not, as well as whether it has single or multiple members. You must also determine the duration of your company by stating whether its existence shall be perpetual or will dissolve at a specific time and condition.
You can do this by writing his or her name and address. And it allows your company to function correctly, even at its initial and formative stages. Aside from that, it outlines the authorized stocks to issue, indemnification, and limitations of their liabilities. A fiscal year is described as the year set and determined for taxation and financial accounting purposes.
It is also one of the most important elements in the formation and incorporation of a company, as well. Notarize the document to verify its authenticity even further.
Articles of incorporation are created by individuals known as incorporators. These are business owners who wish to elevate their business from a general partnership. Incorporation is also done by individuals who wish to have their liabilities separate from their business, as well. Aside from that, they also need to have several documents such as meeting minutes, non-disclosure agreements, employee agreements , among many others as well.
LLCs or Limited Liability Companies are types of companies that enjoy the privilege of having separate liabilities while functioning like that of a general partnership. Because of that, business people identify them as companies, thus, requires articles of incorporation for their formation. Aside from that, LLCs are also required to have an operating agreement as well. Be aware, however, that some states have extra requirements for their Articles of Incorporation filing, such as the accompaniment of a cover letter or an extra consent form.
This means that while this document will be what is needed for the actual Articles of Incorporation, additional documents may be required to complete the formation of the new corporation , which are not provided here.
Before attempting to complete any filing for the Articles of Incorporation, check the requirements of the corporation's specific state carefully. In this document, the form filler will enter the identifying details of the corporation such as name and address. The form filler will also be able to choose whether the corporation will be a for-profit or nonprofit , and in certain states, will be able to enter whether the corporation is a professional corporation , made up of members who are subject to professional regulations in their careers like physicians or attorneys.
If the corporation is a Professional Corporation also sometimes called just a PC , the structure of the document may change a bit to ensure that it continues meeting all necessary requirements. Articles of Incorporation are subject to the laws of individual states. There is no one federal law covering the requirements for Articles of Incorporation. This is because each individual state governs the businesses formed within that state.
At the end, you receive it in Word and PDF formats. You can modify it and reuse it. Back to top. Home Documents. Business Structure. Articles Of Incorporation. Formats Word and PDF. Size 2 pages. Rating 4. How does it work? Choose this template Start by clicking on "Fill out the template". Complete the document Answer a few questions and your document is created automatically. Save - Print Your document is ready! Articles Of Incorporation Articles of Incorporation sometimes called Certificates of Incorporation or Certificates of Formation are the document by which corporations - those businesses with a specific tax structure that are designated by "Inc.
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