Understanding the Role of an Incorporator in Corporation Formation

Definition & Meaning

An incorporator is an individual responsible for establishing a corporation. This person files the Articles of Incorporation with the appropriate state authority and handles any other necessary corporate documents until the corporation is officially registered. The incorporator may also select members for the board of directors and organize the initial board meeting. While an attorney can serve as an incorporator, it is not a requirement. The incorporator's name is included in the Articles of Incorporation, and they may be contacted by the state if further information is needed. Once the corporation is registered, the incorporator has no ongoing formal responsibilities.

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Real-world examples

Here are a couple of examples of abatement:

Example 1: A small business owner decides to form a corporation. They act as the incorporator, filing the necessary Articles of Incorporation and selecting their business partner as the first board member.

Example 2: A group of friends wants to start a nonprofit organization. One of them takes on the role of incorporator to file the Articles of Incorporation and organize the initial board meeting. (hypothetical example)

State-by-state differences

Examples of state differences (not exhaustive):

State Incorporator Requirements
California Must be at least 18 years old and a resident of California.
New York No residency requirement; can be an individual or entity.
Texas Must provide a physical address for the registered agent.

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
Incorporator Person responsible for filing incorporation documents. Focuses on initial setup of a corporation.
Director Member of the board overseeing corporate governance. Involved in ongoing management, unlike the incorporator.
Registered Agent Person or entity designated to receive legal documents. Primarily serves as a contact point for legal matters.

What to do if this term applies to you

If you need to act as an incorporator, start by gathering the necessary information for the Articles of Incorporation. You can use templates available through US Legal Forms to simplify the process. If you feel uncertain about any steps, consider consulting a legal professional to ensure compliance with state laws.

Quick facts

Attribute Details
Typical Fees Varies by state; typically includes filing fees.
Jurisdiction State-specific, based on incorporation location.
Possible Penalties Failure to file correctly may result in delays or denial of incorporation.

Key takeaways

Frequently asked questions

The primary role of an incorporator is to file the Articles of Incorporation and handle initial corporate documentation.