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Definition of Corporation It is an artificial being, created operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incident to its existence.
Articles of Incorporation refers to the highest governing document in a corporation. It is also known known as the corporate charter. The Articles of Incorporation generally include the purpose of the corporation, the type and number of shares, and the process of electing a board of directors.
The Articles of Incorporation states the name, purpose, place of office, incorporators, capital stock, and term of the Company upon its establishment. The By-Laws outline the rules on annual and special meetings, voting, quorum, notice of meeting and auditors and inspectors of election.
While most states call this document articles of incorporation, some, including Delaware and New York, refer to it as a certificate of incorporation. Although the title of the document may vary, the content of the document is generally the same.
Articles of Incorporation refers to the highest governing document in a corporation. It is also known known as the corporate charter. The Articles of Incorporation generally include the purpose of the corporation, the type and number of shares, and the process of electing a board of directors.
Local and foreign entities seeking to establish a business in the Philippines are required to submit documents to the Securities and Exchange Commission (SEC) to secure a Certificate of Incorporation, a document that grants juridical existence to an enterprise and allows it to legally engage in business in the ...
Generally, the incorporator will be one of the business owners. You can, however, hire a business attorney to prepare the articles?that attorney then assumes the role of the incorporator.