Rhode Island Amendment to Articles of Incorporation to change the terms of the authorized preferred stock
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How to fill out Amendment To Articles Of Incorporation To Change The Terms Of The Authorized Preferred Stock?
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FAQ
Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information such as the firm's name, street address, agent for service of process, and the amount and type of stock to be issued.
Usually the number of shares you can issue in the market are listed in the articles of incorporation. But if you are looking to issue more shares than those stated in the article, you can file an amendment in the articles and pay the fee for it.
Typically, the articles must contain, at the very least: 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.
Every corporation must have at least one type of stock. This rule even applies to S corporations, but they are limited to 100 total shares and only one type of stock. The term ?stock? is often used interchangeably with ?shares? or ?equity.? Those who own stock are called ?shareholders? or ?stockholders.?
A general stock corporation is divided into three groups: the Shareholders, the Directors, and the Officers. Each group has different rights and responsibilities within the corporate structure.
Starting an LLC in Rhode Island will include the following steps: #1: Name Your LLC. #2: Choose a Registered Agent. #3: File Your Articles of Organization. #4: Create an Operating Agreement. #5: Register to Pay Taxes.