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Probably the two most common reasons for amending the Articles are to effect: a change of the name, and. a change of the purpose statement.
You must first make sure the name you want is available. Then, you need to amend your business's formation documents by filing an Amendment to your Articles of Formation for your LLC or an Amendment to your Articles of Incorporation for your Corporation with the Maryland Secretary of State.
Like a constitution, a corporation's certificate of incorporation may be amended at any point in the future. It is not a "forever" contract. A board of directors together with the corporation's stockholders can amend a certificate of incorporation.
Articles of Incorporation in Maryland are state documents required for a corporation's formation. These documents outline basic information, such as a corporation's name and purpose. If you form an LLC, these documents are called Articles of Organization.
How to Amend Articles of Incorporation Review the bylaws of the corporation. ... A board of directors meeting must be scheduled. ... Write the proposed changes. ... Confirm that the board meeting has enough members attending to have a quorum so the amendment can be voted on. Propose the amendment during the board meeting.
How to Amend Articles of Association Review Existing Articles of Association. ... Propose Amendments. ... Hold a Meeting to Pass a Resolution. ... File Amended Articles of Association. ... Update Internal Records.
The Articles of Incorporation are like the constitution of the corporation that provides a broad framework for its establishment, whereas the bylaws can be likened to the individual laws that must be consistent with the Articles of Incorporation.
To update your Maryland LLC's Articles of Organization, Articles of Amendment must be filed with the Maryland State Department of Assessments and Taxation. Filing Articles of Amendment requires a $100 fee, and can be done by mail or online.