Corp Article Corporate Formalities
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FAQ
Corporate formalities are formal actions that must be taken by a corporation or LLC in order to maintain the benefits associated with that business entity.
What must be included in the articles of incorporation? the corporation's name and business address. the number of authorized shares and the par value (if any) of the shares. the name and address of the in-state registered agent. the names and addresses of its incorporators.
Articles of Incorporation example Information about authorized shares. The legal name of the company. The company's official address. The business purpose. A Tax ID number. The names and contact information of official agents of the company. The date of incorporation.
The articles should include: The corporation's name, location, and purpose. The number of shares the corporation is authorized to issue. The registered agent's name and registered office's address. Each incorporator's name and address. The names of each initial director. The corporation's purpose and primary activities.
Document that you held the initial and annual meetings of directors and shareholders (corporations) or members/managers (LLCs) and keep the meeting minutes from each of these meetings. Keep formal business documents for at least seven years. Don't comingle business and personal assets.