Articles of Incorporation

Articles of Incorporation

The Articles of Incorporation are a set of formal documents filed with a state government to legally establish a corporation. These documents outline essential information about the corporation, including its name, purpose, duration, registered agent, and the number and type of shares it is authorized to issue.

Each state has its own requirements for the content and format of the Articles of Incorporation, but common elements typically include:

1. Name of the Corporation: The official name under which the corporation will conduct business, which must be unique and not infringe on existing trademarks.

2. Purpose: A brief description of the business activities the corporation will engage in, which can be a general statement allowing for a variety of business operations.

3. Duration: The length of time the corporation is intended to exist, which can be perpetual or for a specified period.

4. Registered Agent: The name and address of an individual or business designated to receive legal documents on behalf of the corporation.

5. Incorporators: The names and addresses of the individuals who are forming the corporation.

6. Stock Information: Details about the types and number of shares the corporation is authorized to issue, including any rights and preferences associated with those shares.

Once filed and approved by the state, the Articles of Incorporation grant the corporation its legal status, providing it with liability protection and allowing it to conduct business, enter contracts, and take legal actions in its own name. For example, the filing of Articles of Incorporation is a critical step for a business owner who wishes to protect their personal assets and establish a formal business structure, such as a C Corporation or S Corporation.