BizTerm Definition
articles of incorporation
Short Definition
Document used to form a corporation
Full Definition

 

A document, specifying the basic details of a new corporation (articles), which is filed with a state agency (usually the Secretary of State or Corporations Commission, depending on the state) to form a corporation. Although each state has differing rules/statutes stating what is included in the articles of incorporation, they usually include:

 

the name of the corporation;

 

the registered agent & registered office address;

 

the number of shares of stock (and often par value);

 

and the name and address of the incorporator


Many states require other articles such as:

 

 

the purpose of the corporation

 

its principal place of business

 

the names of its initial directors who will set up the initial corporate structure

 

and the types of stock it is authorized to issue

 

Articles of incorporation are usually considered filed and the corporation entity exists when the state accepts articles of incorporation and stamps them with a filing date.

 


 


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