what are some aspects of the articles of incorporation? course hero ctu

by Kelly Price 9 min read

What information is included in the Articles of incorporation?

Articles of incorporation generally contain pertinent information , such as the firm ’s name , street address , agent for service of process , and the amount and type of stock to be issued . Articles of incorporation are also referred to as the " corporate charter , " " articles of association , " or " certificate of incorporation .

What do you need to know about incorporation?

Articles of Incorporation.pdf - Articles of Incorporation.pdf - School Trinity University of Asia (formerly Trinity College of Quezon City) Course Title IS MISC; Uploaded By SargentEchidnaPerson1389. Pages 4 This preview shows page 1 - 4 out of 4 pages.

What are the duties of an incorporator of a corporation?

Articles of Incorporation of _____ The undersigned incorporators, all of legal age, have voluntarily agreed to form a stock corporation under the laws of the Republic of the Philippines and certify the following: First: That the name of said corporation shall be _____, Inc. Second: That the purpose or purposes for which such corporation is incorporated are: PRIMARY PURPOSE To …

What information do you need to set up a corporation?

Contents of Articles of Incorporation (Section 14 of the Corporation Code) The following are the contents of the Articles of Incorporation as provided under Section 14 of the Corporation Code: Name of the corporation, The specific purpose or purpose for which the corporation is being incorporated; The place where the principal office of the corporation is to be located, The …

What information is included in Articles of Incorporation?

The specific information included in the Articles of Incorporation varies from state to state, but the following are the typical details that are included: 1. Name of corporation. Companies that file for incorporation must indicate the name that the business will use to conduct its operations. The name must include the term “Inc” ...

What is an article of incorporation?

What are Articles of Incorporation? Articles of Incorporation are a set of formal documents that establish the existence of a company in the United States and Canada. For a business to be legally recognized as a corporation.

How much does it cost to get a company incorporated?

The filing fee ranges from $50 and can sometimes be as high $500, depending on the type of company and the state it is incorporated in . The incorporators can get pre-printed forms at the Secretary of State offices or download the online form from the registrar’s website.

How much does it cost to file articles of incorporation?

The state fee for filing articles of incorporation for a for-profit corporation ranges from $50 to $500, as of 2017. For non-profit corporations, the filing fee ranges from $0 to $125. The fee varies depending on whether the incorporators file the articles of incorporation by mail or through the registrars’ website. If a company is incorporated in one state and conducts business in other states, it must register in the other states as well. It must also file the required fees and taxes that are charged to companies in each state.

What is required to file for incorporation?

The business filing for incorporation must provide the name and address of someone who will receive important documents and legal papers on behalf of the corporation. The business needs to choose someone who will be reachable at all times during regular business hours. Companies that operate outside the state where they have been registered usually hire a registered agent service to receive official communications on their behalf.

What is a corporation?

Corporation A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions.

Why is it important to operate a business as a corporation?

Operating a business as a corporation adds credibility and trust to the company. Customers tend to trust businesses with the terms “Inc” or “Incorporated” at the end of their brand name. Trading as a corporation also helps gain the trust of investors and banks that are planning to invest in or finance the business.