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Aug 6th, 2022
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How to Link character in the Articles of Incorporation Template

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foreign [Music] hi i am attorney chris mathan this is my virtual classroom welcome to my youtube channel in this channel i shall aim to simplify the law i will discuss concepts and principles of law in under 10 minutes hi again so what shall we talk about in this video in this video i want to talk about the articles of incorporation i want to talk about what that is and what should be the contents that you should find in your articles of incorporation if you have watched my other video on steps of creating a corporation i will put the link down below i have mentioned there that the second step after promotion in creating a corporation is your incorporation and in that video also i have mentioned that the first step in incorporation is actually the drafting and executing of the articles of incorporation so what is this articles of incorporation what what is this document about what are we referring to here the articles of incorporation is a document that is prepared by those establishi

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Advantages of a corporation include personal liability protection, business security and continuity, and easier access to capital. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow.
Match Separate Legal Existence. Corporation acts under its own name rather than in the name of its stockholders. Limited Liability of Stockholders. Limited to their investment. Transferable ownership rights. Ability to Acquire Capital. Continuous Life. Corporate managment. Government regualtions. Additional taxes.
The five main characteristics of a corporation are limited liability, shareholder ownership, double taxation, continuing lifespan and, in most cases, professional management.
How do I create Articles of Incorporation? Step 1: State where the corporation is incorporating. Step 2: Provide details about the person filing the Articles of Incorporation. Step 3: State the corporations name, purpose and duration. Step 4: Include details about the registered agent and office.
3. Characteristic features of a company 3.1 Incorporated association. 3.2 Legal entity distinct from its members. 3.3 Artificial person. 3.4 Limited liability. 3.5 Separate property. 3.6 Transferability of shares. 3.7 Perpetual succession. 3.8 Common seal*
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. The articles of incorporation are used to legally form the corporation.
Hence, limited period of existence and centralized management are not typical characteristics of a corporation.
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 names and addresses of its incorporators.

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