Chapter 6 - Legal
IN THIS LESSON
Incorporation Documents
Articles of Incorporation are essential documents that you submit to your state government to establish your company as a distinct business entity. These articles constitute some of the earliest and most crucial paperwork you'll generate as an entrepreneur.
You can locate the blank Articles of Incorporation forms on the official website of the Secretary of State, the governmental body responsible for business filings. There is a fee associated with this process. It's important to note that the Articles of Incorporation you file will become part of the public record accessible through the state government.
The Articles of Incorporation encompass fundamental yet significant details about your company, which include:
1. The company's name
2. Street address
3. Purpose
4. Quantity and type of shares of stock that can be issued
5. Name and address of the individual signing the Articles of Incorporation
6. Designated registered agent's name (the person accepting official documents and legal notices)
Upon approval of your paperwork, you will receive a certificate of formation. Additionally, you will be expected to draft and maintain the "bylaws" of your company as an internal document. These bylaws outline how your company will be operated. They should outline specifics concerning the roles and responsibilities of officers and shareholders. By submitting the Articles of Incorporation, you have taken a significant stride forward in advancing your business.