What Are Corporations Articles? A Comprehensive Legal Overview
Definition & meaning
The Articles of Incorporation are essential documents filed with a state government to officially create a corporation. These articles typically include the corporation's name, address, general purpose, the number and type of shares to be issued, and any special characteristics, such as whether the corporation is non-profit. Each state has its own requirements for the approval of these articles, including restrictions on names that may be similar to existing corporations and specific guidelines for non-profit organizations.
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Articles of Incorporation are primarily used in corporate law. They are crucial for establishing a corporation's legal identity and are often required for various business activities, including obtaining licenses and permits. Users can manage the incorporation process themselves using templates from US Legal Forms, which provide the necessary legal framework to ensure compliance with state laws.
Key Legal Elements
Real-World Examples
Here are a couple of examples of abatement:
Example 1: A group of entrepreneurs wants to start a tech company. They file Articles of Incorporation that include their company name, location, and the number of shares they plan to issue.
Example 2: A non-profit organization aiming to provide community services submits Articles of Incorporation that specify their charitable purpose and the types of activities they will engage in. (hypothetical example)
State-by-State Differences
State
Key Differences
California
Requires additional disclosures for non-profits.
New York
Has specific requirements for the contents of the articles.
Texas
Allows for a streamlined filing process for certain corporations.
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with Related Terms
Term
Definition
Key Differences
Bylaws
Rules governing the internal management of a corporation.
Bylaws are not filed with the state and are more about internal operations.
Certificate of Incorporation
Another term for Articles of Incorporation in some states.
Essentially the same document but may vary in name depending on the state.
Common Misunderstandings
What to Do If This Term Applies to You
If you are planning to incorporate a business, start by gathering the necessary information for your Articles of Incorporation. You can use templates from US Legal Forms to simplify this process. If your situation is complex or if you have specific questions, consider seeking help from a legal professional.
Quick Facts
Typical filing fees range from $50 to $500, depending on the state.
Jurisdiction: State-specific requirements apply.
Approval times can vary from a few days to several weeks.
Key Takeaways
FAQs
They are legal documents filed with the state to create a corporation.
No, you can use templates and file them yourself, but legal advice can be beneficial.
Approval times vary by state, ranging from a few days to several weeks.
