Virginia Agreement for Purchase of Business Assets from a Corporation
Description
How to fill out Agreement For Purchase Of Business Assets From A Corporation?
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FAQ
A corporation may sell, lease, exchange, or otherwise dispose of all, or substantially all, of its assets, with or without the good will, otherwise than in the usual and regular course of business, on the terms and conditions and for the consideration determined by the corporation's board of directors, if the board of ...
The document required to form a corporation in Virginia is called the Articles of Incorporation. The information required in the formation document varies by state. Virginia's requirements include: Officers.
General standards of conduct for directors. A. A director shall discharge his duties as a director, including his duties as a member of a committee, in ance with his good faith business judgment of the best interests of the corporation.
A corporation shall notify members of the date, time, and place, if any, of each annual and special members' meeting.
Virginia charges a minimum of $75 ($25 filing fee and $50 for up to 25,000 authorized shares) to file the Articles of Incorporation. Add another $50 for up to 25,000 shares (add $50 for each additional 25K of shares). The charter fee tops out at $2,500 for over a million shares.
File the ?Articles of Organization? with the Virginia State Corporation Commission. These may be filed online or by mail. In both cases, the filing fee is $100. OPTIONAL: Elect S-Corporation status with the IRS by filing IRS Form 2553.
A. Where there are no members, or no members having voting rights, an amendment shall be adopted at a meeting of the board of directors upon receiving the vote of at least two-thirds of the directors in office.
§ 13.1-823. The bylaws of a corporation may contain any provision that is not inconsistent with law or the articles of incorporation.
