Enter data in the Articles of Incorporation Template

Aug 6th, 2022
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How to enter data 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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Unless specified in your articles of incorporation, corporations can have more than one type of share or class of shares issued, and the amount of each class you can issue is unlimited. At the start, the total number of shares (authorized capital) for a startup is typically kept low at 100 or 1,000,000, for example.
Articles of Incorporation example Information about authorized shares. The legal name of the company. The companys official address. The business purpose. A Tax ID number. The names and contact information of official agents of the company. The date of incorporation.
Your states Secretary of State typically provides the articles of incorporation form for you fill out and submit usually via an online downloadable form though you may be able to create your own document with the necessary information.
Incorporation provides greater liability protection for you as a business owner than sole proprietorships or general partnerships. Before deciding to incorporate, youll also have to choose whether to do so under provincial law or federal law.
The CBCA requires that articles of incorporation contain: The name of the corporation. The name of the province or territory where the corporations registered office will be located. The number of directors or a range consisting of a minimum and maximum number of directors.
Typically, the articles must contain, at the very least: the corporations name and business address. the number of authorized shares and the par value (if any) of the shares. the name and address of the in-state registered agent.
The articles should include: The corporations name, location, and purpose. The number of shares the corporation is authorized to issue. The registered agents name and registered offices address. Each incorporators name and address. The names of each initial director. The corporations purpose and primary activities.
Incorporation Checklist - Ontario Decide to Incorporate. File Articles of Incorporation. Adopt Corporate Bylaws. Create and Maintain a Minute Book. Obtain a Business License. Get a Business Number. Harmonized Sales Tax. Register with the HSIB.

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