The proper form and necessary content of a certificate of incorporation depend largely on the requirements of individual state statutes, which in many instances designate the appropriate form and content. While the certificate must stay within the limitations imposed by the various statutes and by the policies and interpretations of the responsible state officials and agencies, the certificate may usually be drafted so as to meet the business needs of the proposed corporation. In many states, official forms are provided; in some of these jurisdictions, use of such forms is mandatory. Although in some jurisdictions, the secretary of state's printed forms are not required to be used, it is wise to use the language found in the forms since much of the language found in them is required.
California Certificate of Incorporation - General Form
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How to fill out Certificate Of Incorporation - General Form?
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Step 3 ? Certificate of Formation Successful company formation in California is possible only after your Articles of Incorporation has been submitted with the Secretary of State along with the necessary filing fee.
A California corporation generally is a legal entity which exists separately from its owners. While normally limiting the owners from personal liability, taxes are levied on the corporation as well as on the shareholders.
Large corporations may have many different types of stock: different classes of common stock, preferred stock, stock with par value and no-par stock, voting and nonvoting stock, outstanding stock, and treasury stock.
The general stock corporation is the most commonly formed type of corporation and it allows for unlimited shareholders. If you form a close corporation, you have to limit the number of shareholders you have and list that number in the articles (it cannot be more than 35 shareholders).
To form a corporation in California, Articles of Incorporation must be filed with the California Secretary of State's office. Forms for the most common types of Articles of Incorporation are available on our Forms, Samples and Fees webpage.
In California, for example, the maximum number of shareholders allowed in a close corporation is 35, while in Arizona, a close corporation may have no more than 10 original investors. Close corporations differ from general stock corporations, more commonly known as C corporations, in that they are not publicly traded.
A General Stock Corporation is a legal business entity, which acts under the law as a separate entity, distinct from the shareholders who own it with the right to issue stock, have an unlimited number of shareholders, and exist indefinitely.
How to Start a corporation in California Choose a name for your business. ... Designate a Registered Agent in California. ... File Your Articles of Incorporation in California. ... Create your Corporate Bylaws. ... Appoint your Corporate Directors. ... Hold the First Meeting of the Board of Directors. ... Authorize the issuance of shares of stock.