How do I prepare articles of incorporation?
In California, preparing articles of incorporation is the first step toward forming a business. An article of incorporation, or corporate charter, is a legal document that creates a corporation and establishes its structure and purpose. Before you start to prepare your articles of incorporation, it is important to consult with a business lawyer. He or she can help you decide which type of corporate entity is best for you and will guide you through the formation process. To prepare your articles of incorporation, you will need to draft a document that outlines the name of the corporation, its purpose, the amount of authorized shares, the address of the registered office, and the names and addresses of the directors. It is also important to include any other provisions that are specific to your business, such as the rights and obligations of shareholders, restrictions on the transfer of shares and the vesting of directors. Once the articles of incorporation have been drafted, they must be submitted to the California Secretary of State’s office along with a filing fee. The filing fee varies depending on the type of business being formed. After the articles of incorporation are approved, the corporation will be issued a corporate charter and a Certificate of Incorporation. Once the articles of incorporation have been filed and the Certificate of Incorporation has been issued, you will need to perform several other steps before the business can officially begin operations, including appointing officers, issuing shares and filing the necessary paperwork. It is important to consult with a business lawyer to ensure that you follow all the necessary steps to form a corporation correctly.
Related FAQs
Are there any tax implications for different business formations?What is the difference between a corporation and a limited liability company (LLC)?
How do I prepare articles of incorporation?
What is a business records retention policy?
What is a limited liability partnership?
How do I select a registered business address?
What is a corporate seal?
What are the benefits of forming a limited liability company?
How do I hire employees and independent contractors?
What is a corporate compliance officer?
Related Blog Posts
Understanding the Basics of Business Formation Law - July 31, 2023What You Need to Know Before Starting Your Business - August 7, 2023
The Financial and Legal Aspects of Starting a Business - August 14, 2023
Why It's Important to Have a Legal Guide When Forming Your Business - August 21, 2023
Navigating State and Federal Laws When Forming a Business - August 28, 2023