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In: Economics

REQUIREMENT: What information is necessary to include in the Articles of Incorporation? ACCEPTABLE LENGTH Submit a...

REQUIREMENT: What information is necessary to include in the Articles of Incorporation? ACCEPTABLE LENGTH Submit a paper that is 1 page. Be sure to review the requirements on the Rubric. FORMATTING REQUIREMENTS 12-Point Times New Roman Font Double Space Lines Cite Used Sources If Applicable.

Solutions

Expert Solution

Articles of incorporation are a set

of formal documents filed with a

government body to legally

document the creation of a

corporation. Articles of

incorporation generally contain

pertinent information, such as the

firm’s name, street address, agent

for service of process, and the

amount and type of stock to be

issued.

•Articles of incorporation are the

pertinent filing with a

government body (usually the

state) that signifies the creation of

a corporation.

• In the U.S., articles of

incorporation are filed with the

Office of the Secretary of State

where the business chooses to

incorporate.

• Broadly, articles of incorporation

should include the company's

name, type of corporate

structure, and number and type

of authorized shares.

• Bylaws work in conjunction with

the articles of incorporation to

form the legal backbone of the

business.

• To be recognised legally o

one has to take certain

Steps and decisions under corporate law.

One such step of filing a document is known

as Articles of Incorporation

Most state also require the article to state

the firm's purpose.

Each state has certain mandatory provisions

that must be contained in the article of

Incorporation and the other optional

contribution that the company decides to

include.

​​​​​​​


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