This form is a document signifying approval of a proposal to file a restated certificate of incorporation in order to increase the authorized number of share of common stock for the corporation.
Certificate of Incorporation to Increase the
Authorized of Number of share of Common Stock
North Dakota Proposal to amend restated certificate of incorporation regarding increasing authorized number of shares of common stock
State:
Multi-State
Control #:
US-CC-3-103I
Format:
Word;
Rich Text
Instant download
Description
How to fill out Proposal To Amend Restated Certificate Of Incorporation Regarding Increasing Authorized Number Of Shares Of Common Stock?
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FAQ
The difference between LLC and PC is straightforward. A limited liability company (LLC) combines the tax benefits of a partnership and the limited liability protection of a corporation. A professional corporation (PC) is organized ing to the laws of the state where the professional is licensed to practice.
The major difference between a traditional corporation and PC is that a PC is designed to protect licensed professionals and their personal assets. Licensed professionals may incorporate as a PC, as long as they meet the entity's specific requirements.
The professional corporation or PLLC's sole purpose must be to provide the services of the licensed professionals, such as providing legal or medical services. In addition to the standard state-naming requirements, the name must clearly indicate that it is a professional corporation or PLLC.
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.
A professional corporation may render: One specific type of professional service and services ancillary thereto; or. Two or more kinds of professional services that are specifically authorized to be practiced in combination under North Dakota's licensing laws of each of the professional services to be rendered.
Hence, limited period of existence and centralized management are not typical characteristics of a corporation.
One of the key differences between a corporation and a professional corporation is that the shareholders of a professional corporation must be licensed professionals who are authorized to provide professional services in their respective fields. This requirement does not apply to a regular corporation.
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.
