The desire to create the new company can be driven by many factors. In some cases, you have been conducting a registered business and you have reached the level where its growth can only be based on a limited liability company, or you want to go into a business where you must have a registered company in order to secure contracts, get loans, and other deals. Regardless of the reason, you need to know that forming a company have numerous advantages. However, for the formation to take place, there are basic requirements. One of these is filling in the articles of incorporation forms and filing them with the relevant department.
In the articles of incorporation, all the basic information about the firm's legal status as well as its identity are found. It also details how the company operates, who are behind its activities and what activities it is engaged in. Once completed, it has to be filed with the state authority responsible for the business registration and, if accepted, the company comes into existence.
Regardless of the company size, there are basic information that must be contained in this document. These are considered to be the minimum information necessary. They include the corporation name and the address of it's of business, the purpose of the corporation or its nature of business which can be broadly stated as "to engage in lawful activity", and the name and address of its registered agent. The agent is legally responsible for accepting the legal documents on the LLC behalf.
The other requirement is the stock information, in this section, the details of the shares that the corporation is authorized to issue is included. The other important information about stocks is the stock such as the designation of the stock classes and lastly, the value of each class of shares.
The last aspect regards the shareholding structure. Under this, the information such as the authorized stock for the issue, the classes of stock (designation of stock classes) and the stock value are detailed. In addition to this, the shareholders and their shares are also included.
The actual writing or filing of the document is not difficult, particularly if you are experienced in such matters. In some cases, though, it is best to seek the help of a more experienced attorney to handle the legal aspects and advise you through so that you fully comply with all the legal matters. Should you choose to complete is yourself, it is best to hand over the final document to an attorney for a review before you take it to be filed.
The document can be downloaded from the website of the State Secretary in the relevant state, fill in all the required information and then review it with an experienced attorney before you finally submit it to be filed. There is a filing fee that varies from one state to the other.
Formation of a new company is very exciting. It is the right way of taking your success to the next level; after all, success is a journey and not a destination. In this journey, just be sure to comply with all the requirements and there are many experienced business attorneys ready to help you.
In the articles of incorporation, all the basic information about the firm's legal status as well as its identity are found. It also details how the company operates, who are behind its activities and what activities it is engaged in. Once completed, it has to be filed with the state authority responsible for the business registration and, if accepted, the company comes into existence.
Regardless of the company size, there are basic information that must be contained in this document. These are considered to be the minimum information necessary. They include the corporation name and the address of it's of business, the purpose of the corporation or its nature of business which can be broadly stated as "to engage in lawful activity", and the name and address of its registered agent. The agent is legally responsible for accepting the legal documents on the LLC behalf.
The other requirement is the stock information, in this section, the details of the shares that the corporation is authorized to issue is included. The other important information about stocks is the stock such as the designation of the stock classes and lastly, the value of each class of shares.
The last aspect regards the shareholding structure. Under this, the information such as the authorized stock for the issue, the classes of stock (designation of stock classes) and the stock value are detailed. In addition to this, the shareholders and their shares are also included.
The actual writing or filing of the document is not difficult, particularly if you are experienced in such matters. In some cases, though, it is best to seek the help of a more experienced attorney to handle the legal aspects and advise you through so that you fully comply with all the legal matters. Should you choose to complete is yourself, it is best to hand over the final document to an attorney for a review before you take it to be filed.
The document can be downloaded from the website of the State Secretary in the relevant state, fill in all the required information and then review it with an experienced attorney before you finally submit it to be filed. There is a filing fee that varies from one state to the other.
Formation of a new company is very exciting. It is the right way of taking your success to the next level; after all, success is a journey and not a destination. In this journey, just be sure to comply with all the requirements and there are many experienced business attorneys ready to help you.
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