Draft a copy of the updated articles of incorporation to use for discussion. Hold a special meeting of the board of directors to review the proposed changes. You also can discuss the changes at the next regular meeting if you do not need to resolve the issue immediately. If you call a sp...
A corporation files articles of incorporation with a state business registrar to set up the company and obtain permission to conduct business in the state. The articles contain basic information, including the corporation's legal name and the contact information for an agent located in the state wh...
The purpose of bylaws for nonprofits is to offer basic guidance for how the board should act in different situations. When conflict or confusion arise, bylaws give you tools for resolution. Instead of coming up with solutions from scratch, you have a premade guide on what to do! According to...
Articles of Incorporation – This document provides the state with the necessary information about your business. Included in the articles of incorporation are: corporate name, business purpose, registered agent, incorporator, number of shares, share par value, preferred shares, directors, officers, and...
In most states, the process of filling out Articles of Incorporation is pretty straightforward.Getty Limited liability companies (LLCs) combine the financial and taxation protections of a corporation with the simplicity and flexibility of a sole proprietorship or partnership. LLCs benefit from pass-thr...
Find about the factors to consider when you select a state for incorporation, including costs, state statutes & taxation requirements, corporate laws, and more. The Benefits of Business Incorporation What are the advantages of incorporating your business? Why incorporate as an S or C Corp? L...
How much does it cost to start a business in Florida? The cost for starting a business in Florida varies by business structure and the number of licenses you need. For LLCs the cost is $100 for filing Articles of Organization or Incorporation. Do business entities pay taxes in Florida? Th...
Once you’ve got a name and a registered agent, you’ll file your Articles of Incorporation, called a Certificate of Organization in some states. You can find the forms on your state’s website. You’ll generally need to include the following information: The name of your corporation Princi...
Incorporation involves drafting "articles of incorporation," which lists the primary purpose of the business and its location, along with the number of shares and class of stock being issued if any.A close corporation, for instance, is held by a small number of shareholders and is not publicly...
Takes time and money.The business of setting up an S corp requires time and money. The business owner must submitarticles of incorporationwith the Secretary of State in the state where their company is based. The corporation must obtain a registered agent for the business and pay other fees ...