All jurisdictions have statutes enabling qualified persons to form corporations for certain purposes by following specified procedures. The proper form and necessary content of articles of incorporation depend largely on the requirements of the several state statutes, which in many instances designate the appropriate form and content. Thus, while the articles must stay within the limitations imposed by the various statutes and by the policies and interpretations of the responsible state officials and agencies, the articles may usually be drafted so as to fit 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.
This form is baser on the Revised Model Business Corporation Act.
Maryland Articles of Incorporation is a legal document required to officially establish a corporation in the state of Maryland. This article provides a detailed description of what Maryland Articles of Incorporation are and discusses the different types of Articles of Incorporation that can be filed in the state. The Articles of Incorporation serve as the foundation for establishing a corporation in Maryland and include essential information about the company. This document outlines the company's name, purpose, duration, principal office address, registered agent, and the number and type of shares it is authorized to issue. Additionally, the Articles of Incorporation specify the name and address of the incorporated, who is responsible for signing and filing this critical document with the Maryland State Department of Assessments and Taxation (SEAT). The Maryland Articles of Incorporation document must comply with the legal requirements set forth by the state governing body. The requirements for Articles of Incorporation in Maryland include a unique and distinguishable name for the corporation, which cannot be confusingly similar to any existing business entity registered in the state. The purpose of the corporation should also be clearly stated, along with any additional provisions that the company wishes to include. In Maryland, there are different types of Articles of Incorporation that can be filed, depending on the specific needs and goals of the corporation. Some notable types include: 1. General Stock Corporation: This is the most common type of corporation, allowing for the issuance of stock to shareholders and the subsequent transfer of ownership. 2. Close Corporation: A close corporation is a corporation with a limited number of shareholders, typically family members or a select group, providing a more intimate and controlled business environment. 3. Professional Corporation (PC): Professionals such as doctors, lawyers, and accountants are required to incorporate under professional corporation laws, ensuring compliance with industry-specific regulations. 4. Benefit Corporation: Benefit Corporations are a type of for-profit entity designed to prioritize public benefits and social good alongside profit maximization. By including a public benefit purpose in their Articles of Incorporation, these corporations commit to creating a positive impact on society and the environment. It is important to note that these are just a few examples, and Maryland offers additional types of corporations that may be suitable for specific industries or business models. In conclusion, Maryland Articles of Incorporation serve as the foundation for establishing a corporation in the state. This legal document includes crucial information about the company and must meet state requirements. Different types of Articles of Incorporation can be filed in Maryland, catering to various business needs and objectives.
