Kentucky Amendment to the articles of incorporation to eliminate par value
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How to fill out Amendment To The Articles Of Incorporation To Eliminate Par Value?
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FAQ
A corporation's business and affairs are managed by or under the direction of its board of directors. Although the board has the power to make all decisions on behalf of its corporation, many business decisions are actually made by the corporation's officers.
Chief Executive Officer (CEO): the highest-ranking executive of the corporation responsible for the corporation's operations at every level, the CEO reports directly to the Chairman of the Board.
The basic structure of a corporation includes shareholders who elect a team of directors (called the board of directors or simply the board) to manage the business. The directors appoint managers and officers to run the day-to-day affairs of the corporation.
What Are Kentucky Articles of Incorporation? Preparing and filing your articles of incorporation is the first step in starting your business corporation. Approval of this document secures your corporate name and creates the legal entity of the corporation.
Essentially, it is the role of the board of directors to hire the CEO or general manager of the business and assess the overall direction and strategy of the business. The CEO or general manager is responsible for hiring all of the other employees and overseeing the day-to-day operation of the business.
A corporation is a specific type of business structure, created and regulated by state law. More specifically, a corporation can be defined as a legal entity that is separate from its owners, or, its shareholders. What this means is that only the corporation itself can be held liable for corporate obligations.