Welcome to legal advice
Sunday, September 2, 2007
What You Need to Know About Articles of Incorporation
If you have never written a legal document before, you may find it quite difficult – not to mention scary – to compose legal documents such as contracts, memos concerning legalities or wills. It can prove to be scary, since there are legal terms that you may unknowingly use incorrectly if you have no sufficient knowledge of its meaning, and writing an ‘incorrect’ legal document may prove to be even more costly as compared to when you ask a professional legal aid to do the job for you. However, there is one type of legal document that you can easily draft yourself, and this is called ‘Articles of Incorporation. Basically, the Articles of Incorporation will show in detail the purpose and structure of a particular corporation.
To learn about the ABC’s of creating a company’s Article of Incorporation, it is good to learn about the components which make up this document. First, the “Articles of Incorporation should state the complete name of the corporation. Words like Incorporated, Limited and Corporation could be indicated as a complete word or its corresponding abbreviation. The second most important thing to include is the name of the person or group of people who make up the organization. Aside from the names of the ‘Incoporators’ or the people behind the organization, the corporate address should also be indicated in the Articles of Incorporation. It is also crucial to state whether the organization is a stock organization or a non-stock corporation, as this will determine how the profits of the company will be distributed. Furthermore, a non-stock corporation is sub-divided into a profit or non-profit organization. The period by which the corporation will run is also part of the legal document. In some cases, especially for a non-profitable organization, it is to exist for a limited span of time only after the corporation has served its purpose. The Articles of Incorporation can also include the by-laws or the rules which apply for all employees and officers of the organization.
You can browse through the Internet to read hundreds of samples of Articles of Incorporation documents. You can also visit your local library or consult any legal book to get more information on how to write this legal document. When creating the “Articles of Incorporation”, you need to make sure that the document is complete, concise and each article included in the document is clear and straight to the point. It should also clearly define what the corporation is as a whole. Before submitting the final draft of your company’s “Articles of Incorporation” to the proper channel, you can have it checked by a local attorney for a flat fee, just to be on the safe side and ensure that everything is in order.
To learn about the ABC’s of creating a company’s Article of Incorporation, it is good to learn about the components which make up this document. First, the “Articles of Incorporation should state the complete name of the corporation. Words like Incorporated, Limited and Corporation could be indicated as a complete word or its corresponding abbreviation. The second most important thing to include is the name of the person or group of people who make up the organization. Aside from the names of the ‘Incoporators’ or the people behind the organization, the corporate address should also be indicated in the Articles of Incorporation. It is also crucial to state whether the organization is a stock organization or a non-stock corporation, as this will determine how the profits of the company will be distributed. Furthermore, a non-stock corporation is sub-divided into a profit or non-profit organization. The period by which the corporation will run is also part of the legal document. In some cases, especially for a non-profitable organization, it is to exist for a limited span of time only after the corporation has served its purpose. The Articles of Incorporation can also include the by-laws or the rules which apply for all employees and officers of the organization.
You can browse through the Internet to read hundreds of samples of Articles of Incorporation documents. You can also visit your local library or consult any legal book to get more information on how to write this legal document. When creating the “Articles of Incorporation”, you need to make sure that the document is complete, concise and each article included in the document is clear and straight to the point. It should also clearly define what the corporation is as a whole. Before submitting the final draft of your company’s “Articles of Incorporation” to the proper channel, you can have it checked by a local attorney for a flat fee, just to be on the safe side and ensure that everything is in order.
# posted by gopi @ 9:27 PM 
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