START A PARTNERSHIP NOW. Bylaws and articles of incorporation are a corporation’s official documents for organizing, governing and operating. Articles of incorporation. "Articles of Incorporation." Articles of organization are part of a formal legal document used to establish a limited liability company (LLC) at the state level. (1) The articles of incorporation must set forth: (a) a corporate name for the corporation that satisfies the requirements of 35-2-305; (b) a statement that: (i) the corporation is a public benefit corporation; Arkansas Secretary of State. The state needs to know the name of the business, its purpose, and the people who will be in charge (the board of directors). Bylaws Vs. After fighting the American Revolution with Great Britain, the founders of the United States had a healthy fear of corporations after being exploited for years by those in England. As a result, they limited the role of corporations by only granting select corporate charters, mainly to those that were beneficial to society as a whole. Articles of Incorporation Understanding Articles of Incorporation. In most states a corporation is created upon the filing of the articles of incorporation with the secretary of state. File Online; File by Paper (*fee includes the additional $15 paper filing fee); Amendment to the Articles of Incorporation The Division of Corporations is a administrative filing agency. Definition A document that officially establishes a new corporation in a state. (2) The period of duration, which may be perpetual or for a stated number of years. Articles of incorporation contain details of the way a company is structured and run. Delivered to your inbox! A business that is incorporated in one state and is physically located or doing business in another state must register in the other state as well, which involves paying that state's filing fees and taxes. Legal definition of certificate of incorporation: a certificate issued by a state's secretary of state that shows acceptance of a corporation's articles of incorporation. The document outlines the basic information needed to form a corporation, the governance of a corporation, and the corporate statutes in the state where the articles of incorporation are filed. Also known as the corporate charter, it generally includes the purpose of the corporation, the type and number of shares, and the process of electing a board of directors. This document records the creation of … The Articles of Incorporation is a company formation filing applicable to corporate entities. Articles Of Incorporation articles of incorporation :a document by which a corporation is formed that sets forth basic information (as the corporation's name, purpose, directors, and stock) usu. These include the purpose of the company, the process of electing a board of directors and the number of shares in the company. Incorporation is the legal process by which a business entity is formed. Articles of incorporation generally contain pertinent information, such as the firm’s name, street address, agent for service of process, and the amount and type of stock to be issued. Accessed Oct. 5, 2020. Accessed Oct. 5, 2020. We also reference original research from other reputable publishers where appropriate. Legal Definition of articles of incorporation : a document by which a corporation is formed that sets forth basic information (as the corporation's name, purpose, directors, and stock) usually as required by statute — see also certificate of incorporation — compare bylaws, charter Articles of incorporation Legal document establishing a corporation and its structure and purpose. Another key corporate document is the bylaws, which outlines how the organization is to be run. A sole proprietorship, also known as a sole trader or a proprietorship, is an unincorporated business with a single owner who pays personal income tax on profits earned from the business. The Division of Corporations strongly recommends that legal counsel reviews all documents prior to submission. Note: Iowa Secretary of State. The Articles of Incorporation provide the basic information needed to form the business and register the business in the state. Explains what the corporation is, the type of stock that will be issued, and the specific roles of parties within the corporation, such as directors and stockholders. To be recognized legally as a corporation, a business must incorporate by taking certain steps and making certain decisions required under corporate law. Business Corporations Domestic Business Corporations: Domestic Forms are used by organizations incorporated IN South Dakota.. A business's articles of incorporation are public records and allow the public to view information about the company. The Articles of Incorporation is a document that must be filed with a state in order to incorporate. Office of the Illinois Secretary of State. 'All Intensive Purposes' or 'All Intents and Purposes'? Articles of incorporation are in the document necessary to register a corporation with a state and acts as a charter to recognize the establishment of a corporation. See the newsletters. Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Amazon’s certificate of incorporation, for example, states that the corporation’s purpose is “to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Delaware.”. The articles of incorporation refers to legal documents that a corporation files with a government agency to establish itself as a business organization. Bylaws work in conjunction with the articles of incorporation to form the legal backbone of the business. Accessed Oct. 5, 2020. Many businesses in the U.S. and Canada are formed as a corporation, which is a type of business operation that is formed in the state where the company carries out its operations. Many states charge filing fees for a business that incorporates in the state, whether the business operates there or not. Definition. Depending on the state of incorporation, a company may pay filing fees ranging from $50 (as in Iowa , Arkansas , and Michigan ) to $275 (as in Massachusetts)  as of 2020. arbitration. Accessed Sept. 25, 2020. articles of incorporation synonyms, articles of incorporation pronunciation, articles of incorporation translation, English dictionary definition of articles of incorporation. Articles of incorporation is a legal document containing important information about the company, and it must be approved by the Secretary of State office. The articles of incorporation shall set forth: (1) The name of the corporation. Why Articles of Incorporation are Important. Please tell us where you read or heard it (including the quote, if possible). previous. Information typically required to be included are the name and address of the corporation, its general purpose and the number and type of shares of stock to be … "Forms / Fees / Records Requests." Incorporation is a legal process governed by the state. Other provisions outlined in a company’s articles of incorporation may include the limitation of the directors’ liability, actions by stockholders without a meeting, and the authority to call special meetings of stockholders. Articles of Incorporation means the Articles of Incorporation of the Issuer as in effect on the Original Issue Date, and as hereafter from time to time amended, modified, supplemented or restated in accordance with the terms hereof and thereof and pursuant to applicable law. It usually includes the name and address of the company, its purpose, and the number and type of shares that it will issue: Minority shareholders are allowed to call … One such step is filing a document known as articles of incorporation. Articles of incorporation in Canada are a legal document necessary to the incorporation process and filed with a provincial or territorial government or the federal government. Broadly, articles of incorporation should include the company's name, type of corporate structure, and number and type of authorized shares. Your Articles of Incorporation may need to include additional items that specifically apply to your situation. These include white papers, government data, original reporting, and interviews with industry experts. Accessed 15 Jan. 2021. Filing Articles of incorporation registers the company as a corporation (C Corporation) with the state. Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. Bylaws work in conjunction with the articles of incorporation to form the legal backbone of the business. Investopedia uses cookies to provide you with a great user experience. The offers that appear in this table are from partnerships from which Investopedia receives compensation. When the articles of incorporation are returned to the business owner after being accepted by the Secretary of State, they will probably need … Requirements for Articles of Incorporation, Sole Proprietorship: What You Should Know, Restated Certificate of Incorporation of the Company. In the U.S., articles of incorporation are filed with the Office of the Secretary of State where the business chooses to incorporate. For the better part of the first one hundred years of United States history, the power of corporations was severely limited as owners could not own any stock or property, make financial donati… Restated Articles of Incorporation August 2017 2373467-1 2 Directors elected by the holders of the shares of the Preferred Stock pursuant to this Section may elect a successor or successors to hold office until the next annual or special meeting of the shareholders. Ready to form a partnership? "Corporations Division Filing Fees." Required Information to Be Included in The Certificate of Incorporation Test your vocabulary with our 10-question quiz! Sample 1 Sample 2 Sample 3 "Business Entity Forms and Fees." Post the Definition of articles of incorporation to Facebook, Share the Definition of articles of incorporation on Twitter. Articles of Incorporation. This document contains the firm's name and address, the type and amount of stock to be authorized and issued, the type of business activity, a delineation … The IRS offers the following language: Top Get helpful tips and info from our newsletter! State of Michigan. Legal definition for ARTICLES OF INCORPORATION: A document filed with state authorities (usually the Secretary of State or Corporations Commissioner, depending on the state) to form a limited liability company As required The fees can vary depending on whether the articles of incorporation were filed online or by mail. "Restated Certificate of Incorporation of the Company." Define articles of incorporation. Articles of Incorporation Definition. For example, Delaware and Nevada attract about half of the public corporations in the U.S., in part because of the state laws that protect their corporations. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Accessed Sept. 25, 2020. A corporate charter sets forth a corporation's basic information, its location, profit/nonprofit status, board composition, and ownership structure. Articles of Incorporation. articles of incorporation. In the U.S., articles of incorporation are filed with the Office of the Secretary of State in the state where the business chooses to incorporate. Some states offer more favorable regulatory and tax environments and, as a result, attract a greater proportion of firms seeking incorporation. 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