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A: A \u201ccorporation\u201d is the business entity itself. \u201cIncorporation\u201d is the act of starting a corporate business entity.
Articles of incorporation are crucial because they establish a company within its home state, informing the state of essential aspects of the business. When filing, the business owner lets the state know the following: The corporation's purpose. Name and address of the registered agent.
Consult a lawyer or another professional advisor to ensure that the specific needs of your corporation are met. Step 1: Name your corporation. ... Step 2: Create your articles of incorporation. ... Step 3: Establish the initial registered office address and first board of directors. ... Step 4: Submit and pay the fee.
Incorporating offers several advantages over sole proprietorships. Owners benefit from limited liability. Ownership interests are easier to transfer. The life of the corporation can extend beyond that of the founders. Credibility is boosted in the eyes of partners. Financing and grants are easier to access.
Incorporating offers several advantages over sole proprietorships. Owners benefit from limited liability. Ownership interests are easier to transfer. The life of the corporation can extend beyond that of the founders. Credibility is boosted in the eyes of partners. Financing and grants are easier to access.
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Importance (Three-fold Nature of the Articles of Incorporation) A contract between the State and the Corporation. A contract between the Corporation and its Stockholders; and. A contract between the stockholders inter se.
At its core, the articles of incorporation specify the essential elements for a company's legal existence. The articles of incorporation define the company's purpose and lay out the process for appointing its directors, how its financial records will be handled, and the decision-making process at the board level.
The Articles of Incorporation are a legal document submitted to the Government (provincial or federal) that establishes a business within Canada. This formation of a business structure (incorporation) is a \u200bseparate entity \u200b from the individuals who own the business.
Articles of Incorporation refers to the highest governing document in a corporation. It is also known known as the corporate charter. The Articles of Incorporation generally include the purpose of the corporation, the type and number of shares, and the process of electing a board of directors.
Articles of incorporation, sometimes called a certification of formation or a charter, are a set of documents filed with a government body to legally document a corporation's creation. These legal documents contain general information about the corporation, including the business name and business location.

article of incorporation bc