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How to black out side in the Articles of Incorporation Template

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Hi, this is Lee Phillips. Im an attorney. Dont hold that against me. I want to talk to you for a minute about the articles of incorporation, if youre a corporation, or the articles of organization or the certificate of organization or whatever your state calls this thing. These are the papers that you file to create the corporation or to create the LLC. You file them with a state. Actually, the corporations and LLCs are creations of the state. Its your state, and its giving you permission to operate under these rules in order to have your company give you limited liability, for example, and taxes, structures, and all that stuff. So you have to have the proper articles of incorporation and articles of organization. And you need to read them and understand them. Now, if you go to the lawyer, a lot of the lawyers will give you four, five, six pages of these things, the articles of corporation. No, no, no. The states require a very minimal amount of information in order to set up the

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What is the share structure of the articles of incorporation?

The share structure states how you will organize the rights, responsibilities and privileges of the owners of your Corporation (shareholders). Shareholders are individuals or legal entities who invest in a corporation and have the ability to make decisions as well as profit from the corporations success.

Are articles of incorporation public record in Ontario?

The Articles of Incorporation are the legal document that creates a limited liability company within Ontario under the Business Corporations Act and are available as part of the public record for anyone who wishes to obtain a copy.

What is an article of incorporation Ontario?

Articles of Incorporation are legal documents submitted to the Provincial, Territorial or Federal governments within Canada which are necessary in order to establish your business as a legal entitythey also help set out your corporations purpose and regulations.

What is the structure of a share?

A stocks share structure is a description of how a companys shares are split up. That is, it reflects how many shares exist and how much ownership of a company each share represents. At the end of the day, the ownership in a company represented by a single share matters more than the price of that share.

What is the authorized share structure?

The authorized share structure refers to the kinds, classes and series of shares that a company is authorized to issue. There must be at least one class of shares. A class of shares can include one or more series of shares if the special rights and restrictions attached to the class provide for this inclusion.

What do the articles of incorporation of a corporation outline?

Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information such as the firms name, street address, agent for service of process, and the amount and type of stock to be issued.

What is the share structure of a corporation?

Types of Corporate Share Structure Common shares: Every share has one vote and the right to get dividends when the company profits. Non-voting shares: The shareholder has no voting rights but has the right to get dividends from the company profits. Preference shares: The value of these shares is fixed.

What does shares mean on the articles of incorporation?

Each share represents ownership in the company, and it entitles the holder to certain types of rights (voting rights, dividends, etc.). The different classes of stock determine how dividends will be paid, and how much money will be paid for each share of stock in the corporation.

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Black out side in the Articles of Incorporation Template