The desire to create the new company can be driven by many factors. In some cases, you have been conducting a registered business and you have reached the level where its growth can only be based on a limited liability company, or you want to go into a business where you must have a registered company in order to secure contracts, get loans, and other deals. Regardless of the reason, you need to know that forming a company have numerous advantages. However, for the formation to take place, there are basic requirements. One of these is filling in the articles of incorporation forms and filing them with the relevant department.
Generally, this is the legal document that details the incorporators of the said corporation such as those who initiated the process of incorporation. These are the company promoters and are the people who sign the articles together with other formal documents. They may be the first directors. However, in the case where they are not the directors, the directors also have to sign these documents.
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.
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.
As long as it contains the minimum information required, then it will be accepted for filing. From the website of your Secretary of State, you can download and print the articles forms, complete them and forward them for filing.
The document can be downloaded from the website of the State Secretary in the relevant state, fill in all the required information and then review it with an experienced attorney before you finally submit it to be filed. There is a filing fee that varies 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.
Generally, this is the legal document that details the incorporators of the said corporation such as those who initiated the process of incorporation. These are the company promoters and are the people who sign the articles together with other formal documents. They may be the first directors. However, in the case where they are not the directors, the directors also have to sign these documents.
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.
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.
As long as it contains the minimum information required, then it will be accepted for filing. From the website of your Secretary of State, you can download and print the articles forms, complete them and forward them for filing.
The document can be downloaded from the website of the State Secretary in the relevant state, fill in all the required information and then review it with an experienced attorney before you finally submit it to be filed. There is a filing fee that varies 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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