Legal Documents for Corporations

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Commonly Asked Questions about Legal Documents for Corporations

What are the forms of corporate organization?

Three types of corporate business organization provide limited liability. The C corporation is the conventional or basic form of corporate organization. Small businesses may achieve liability protection through S corporations or limited liability companies (LLCs).

Governing document What document governs a corporation?

While the information required can vary greatly by state, there is common information that most states require to be included in the Certificate of Incorporation, including: Corporate name. Business purpose. Registered agent. Incorporator. Number of authorized shares of stock. Share par value. Preferred shares. Articles of Incorporation - Documents Requirements | Wolters Kluwer wolterskluwer.com expert-insights article wolterskluwer.com expert-insights article

What are the legal forms of corporate organization?

The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.

What are the two basic documents that govern a corporation?

While the articles of incorporation are externally-filed formation documents, bylaws are more of use to a company when used internally. Bylaws set the internal processes and organization of how the company should be run. Bylaws outline the rules and procedures for the management of a company.

What are the three most basic legal forms of organization?

The most common forms are sole proprietorship, partnership, and corporation.

Required documents What documents are needed for a corporation?

The document required to form a corporation in California is called the Articles of Incorporation. The information required in the formation document varies by state. Californias requirements include: Officers. Officer names and addresses are not required to be listed in the Articles of Incorporation. California Corporation Requirements - Wolters Kluwer wolterskluwer.com bizfilings state-guides wolterskluwer.com bizfilings state-guides

What are the three most commonly used forms of legal business?

The 3 Most Common Business Structures Sole Proprietorship. In a sole proprietorship, youre the sole owner of the business. Partnership. A partnership is a non-incorporated business created between two or more people. Corporation. A corporation is a legal entity separate from its shareholders.

What is a corporation legal form?

A corporation, sometimes called a C corp, is a legal entity thats separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.

What are corporate documents?

Corporate Documents means the documents formally adopted by a corporation establishing its processes for governance and operation, including its articles of incorporation or association, bylaws and similar documents. (

What legal paperwork must be completed to initially establish a corporation?

Depending on the state, a corporations formation document is called Articles of Incorporation or Certificate of Incorporation. These documents are generally filed with the Secretary of States office. Appoint a registered agent. A corporation must appoint and maintain a registered agent.