In order to incorporate a new company, there are a number of legal requirements that you must comply with. The most basic of these requirements are the articles of incorporation which acts as the charter to establish the company's existence as a legal entity in the form of a limited liability company (LLC). It is normally filed as a single document at the office of the Secretary of State or in any other state agency that is in charge of business registration. The articles of incorporation forms are the documents that are completed and filed with the office.
In the articles of incorporation, all the basic information about the firm's legal status as well as its identity are found. It also details how the company operates, who are behind its activities and what activities it is engaged in. Once completed, it has to be filed with the state authority responsible for the business registration and, if accepted, the company comes into existence.
It does not matter what size of the company you are forming, the basic information must be included. The basic information is the corporation name, and its physical address. Its purpose of formation which is the nature of the business it intends to conduct, the name and addresses of the legal agent who is authorized to receive the legal documents on its behalf. The legal documents, in this case, include the lawsuits.
The other requirement is the stock information, in this section, the details of the shares that the corporation is authorized to issue is included. The other important information about stocks is the stock such as the designation of the stock classes and lastly, the value of each class of shares.
Other than this, the shareholding structure of the company must also be elaborated. This includes the value of stocks that is authorized for the issue, the stock designation or classes and the value of stock in each class. The shareholders and the amount of shares they have are also included as part of this basic information.
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.
You can download an empty form from the website of the State Secretary or any other office responsible depending on your state. Once you have successfully downloaded the document, the next step is to fill in all the required information and then proceed with filing. You will be required to pay the filing fee and this also depends on your state.
Formation of a new company is very exciting. It is the right way of taking your success to the next level; after all, success is a journey and not a destination. In this journey, just be sure to comply with all the requirements and there are many experienced business attorneys ready to help you.
In the articles of incorporation, all the basic information about the firm's legal status as well as its identity are found. It also details how the company operates, who are behind its activities and what activities it is engaged in. Once completed, it has to be filed with the state authority responsible for the business registration and, if accepted, the company comes into existence.
It does not matter what size of the company you are forming, the basic information must be included. The basic information is the corporation name, and its physical address. Its purpose of formation which is the nature of the business it intends to conduct, the name and addresses of the legal agent who is authorized to receive the legal documents on its behalf. The legal documents, in this case, include the lawsuits.
The other requirement is the stock information, in this section, the details of the shares that the corporation is authorized to issue is included. The other important information about stocks is the stock such as the designation of the stock classes and lastly, the value of each class of shares.
Other than this, the shareholding structure of the company must also be elaborated. This includes the value of stocks that is authorized for the issue, the stock designation or classes and the value of stock in each class. The shareholders and the amount of shares they have are also included as part of this basic information.
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.
You can download an empty form from the website of the State Secretary or any other office responsible depending on your state. Once you have successfully downloaded the document, the next step is to fill in all the required information and then proceed with filing. You will be required to pay the filing fee and this also depends on your state.
Formation of a new company is very exciting. It is the right way of taking your success to the next level; after all, success is a journey and not a destination. In this journey, just be sure to comply with all the requirements and there are many experienced business attorneys ready to help you.
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