If you are planning to start a company, then you must have the articles of incorporation in mind. It is derived from the limited liability company (LLC) act that set the base for the existence of limited liability companies. It is normally filed as a single document and presented to the Office of the Secretary of State. This is the same office responsible for business registration. Once you have correctly filed the articles of incorporation forms and they are approved by the state, your organization becomes a legally created limited liability company.
The articles of incorporation are the documents in which the basic information that identify the company and details its operation characteristics. Once it is fully completed, filed and get approval from the relevant state authority, it articles as the legal foundation that creates your company and gives it authority to conduct business as prescribed in it.
Regardless of the company size, there are basic information that must be contained in this document. These are considered to be the minimum information necessary. They include the corporation name and the address of it's of business, the purpose of the corporation or its nature of business which can be broadly stated as "to engage in lawful activity", and the name and address of its registered agent. The agent is legally responsible for accepting the legal documents on the LLC behalf.
The other required information includes the details of the directors, managers, and members if any. In some cases, the company promoters (the ones responsible for its formation) may be responsible for signing this document. Whichever the case, the directors who may or may not be the promoters or initiators have to include their physical addresses and names.
The last aspect regards the shareholding structure. Under this, the information such as the authorized stock for the issue, the classes of stock (designation of stock classes) and the stock value are detailed. In addition to this, the shareholders and their shares are also included.
Writing or filling in the forms of the articles of incorporation is not very difficult. However, in order to avoid missing out of the requirements, it is often advisable to give the job to a more experienced business attorney. If you choose to complete it yourself, then let your attorney go through it before handing it over for filling. In any case, it does not need to be too expensive and complicated. The most important parts are contained in the minimum information as elaborated above.
Once you are done and signed the forms, they are now ready for filing. You will be required to pay the filing fee at the office of the Secretary of States that handles the incorporation of companies. The amount varies widely from one state to the other.
It can be very exciting to form a new company, however, this excitement can be short-lived if you don't take the necessary steps and comply with all the requirements. In order to ensure that your path of success is smooth, it is good to seek the services of an experienced business attorney to help you through this path.
The articles of incorporation are the documents in which the basic information that identify the company and details its operation characteristics. Once it is fully completed, filed and get approval from the relevant state authority, it articles as the legal foundation that creates your company and gives it authority to conduct business as prescribed in it.
Regardless of the company size, there are basic information that must be contained in this document. These are considered to be the minimum information necessary. They include the corporation name and the address of it's of business, the purpose of the corporation or its nature of business which can be broadly stated as "to engage in lawful activity", and the name and address of its registered agent. The agent is legally responsible for accepting the legal documents on the LLC behalf.
The other required information includes the details of the directors, managers, and members if any. In some cases, the company promoters (the ones responsible for its formation) may be responsible for signing this document. Whichever the case, the directors who may or may not be the promoters or initiators have to include their physical addresses and names.
The last aspect regards the shareholding structure. Under this, the information such as the authorized stock for the issue, the classes of stock (designation of stock classes) and the stock value are detailed. In addition to this, the shareholders and their shares are also included.
Writing or filling in the forms of the articles of incorporation is not very difficult. However, in order to avoid missing out of the requirements, it is often advisable to give the job to a more experienced business attorney. If you choose to complete it yourself, then let your attorney go through it before handing it over for filling. In any case, it does not need to be too expensive and complicated. The most important parts are contained in the minimum information as elaborated above.
Once you are done and signed the forms, they are now ready for filing. You will be required to pay the filing fee at the office of the Secretary of States that handles the incorporation of companies. The amount varies widely from one state to the other.
It can be very exciting to form a new company, however, this excitement can be short-lived if you don't take the necessary steps and comply with all the requirements. In order to ensure that your path of success is smooth, it is good to seek the services of an experienced business attorney to help you through this path.
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