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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.
Most states have changed this older, common law rule, and now only require a majority of shareholders to agree to change the articles of incorporation. Sometimes, however, only some shareholders can vote.
The names and addresses of the incorporators are not included in the Articles of Incorporation. One or more persons may form a corporation.
Restated Articles of Incorporation are an updated and consolidated version of a company's foundational document, outlining its structure, purpose, and key provisions, which may be amended to reflect changes in the company's structure or goals.
Incorporation involves drafting "articles of incorporation," which lists the primary purpose of the business and its location, along with the number of shares and class of stock being issued if any. A closed corporation, for instance, would not issue stock. Companies are owned by their shareholders.
Articles of incorporation are the legal documents that a corporation files to establish itself as a legal business organization. These documents are important because they provide legal recognition, tax advantages, the ability to issue stock and reduced owner liability.
What must be included in the articles of incorporation? the corporation's name and business address. the number of authorized shares and the par value (if any) of the shares. the name and address of the in-state registered agent. the names and addresses of its incorporators.