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Articles of Incorporation
Last updated Sunday, April 7, 2024
Articles
of incorporation are the documents that establish a company as a separate
enterprise. To incorporate an enterprise, you will need to file the appropriate
paperwork with the state authorities. In contrast to a sole proprietorship or
basic partnership, a company or LLC has to be created with the state, and every
state has its own incorporation requirements. The articles eventually turn out
to be a public report and supply essential details about the company, its
identity, contact info, and details about its shares of stock.
In
some states, you may be asked to offer additional information regarding the way
in which you intend to file taxes if you're submitting for an LLC. You do not
have to incorporate a business plan or proof of economic solvency. The
paperwork can be filled out online, or you can print the appropriate forms and
fill them out, prior to submitting it to the secretary of state within the
state that you wish to incorporate. The paperwork should be accompanied by your
incorporation fee payment. The fee varies by state.
Once
the articles of incorporation are filed, the company begins to exist formally.
You can't begin describing yourself as a company or an LLC until the submission
of the articles of incorporation process is complete. In some states, you may
obtain a certificate of incorporation, which states that what you are promoting
is in good standing. Ensure you save that certificate, in addition to a copy of
your articles of incorporation.
Many
U.S. states require these articles to outline the primary function of the
company. Some companies may choose to describe its purpose broadly to remain
flexible in its operations. Additional provisions covered in these articles
could include the limitation of the administrators’ legal responsibility,
available actions that can be taken without a formal meeting, and authority to
organize special meetings with counsel.
Every
state has necessary provisions outlined, which must be contained within the
articles of incorporation, and different non-obligatory provisions that the
corporation can use.
There
are differences from state to state, which means that some states provide a
more favorable environment for regulations and tax benefits. This difference
explains why some states are more popular than others.
For
instance, two of the most popular states are Delaware and Nevada. These two
states incorporate almost half of all public companies, partially due to the
tax benefits they provide, and because shareholders, administrators, and
officers aren’t required to be residents of these states.
Nevada
Commercial Registered Agent
Entity # E0502742015-6
NV Business ID NV20151637034
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Revised April 7, 2024 10:24 AM
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