Statutes in some jurisdictions require that the constitution or articles of association, and the bylaws, be acknowledged or verified. In some jurisdictions, it is required by statute that the constitution or articles of association be recorded, particularly where the association or club owns real property or any interest in real property.
The Wisconsin Articles of Association, also known as the Articles of Incorporation, are a legal document that serves as the founding charter for a corporation operating in the state of Wisconsin. These articles outline crucial information about the corporation, its purpose, structure, and governance. By registering the Articles of Association with the Wisconsin Department of Financial Institutions, a corporation becomes legally recognized and gains the ability to conduct business activities in the state. The Wisconsin Articles of Association typically consist of several key components, including: 1. Corporate Name: The desired name of the corporation, which should comply with Wisconsin's naming requirements and indicate its corporate status through terms like "Inc." or "Corp." 2. Registered Office and Agent: The physical address within Wisconsin where the corporation's registered office is located, along with the name and address of the registered agent who will receive legal documents on behalf of the corporation. 3. Purpose: A description of the corporation's purpose, which can be broadly defined to encompass any lawful business activities or specific and limited to a particular field or industry. 4. Shares and Capital: Details about the authorized capital stock of the corporation, including the number of authorized shares, class of shares, par value (if applicable), and any special rights or preferences associated with different classes of shares. 5. Directors and Officers: The names and addresses of the initial directors and officers of the corporation, who will manage its affairs. Wisconsin's law requires corporations to have at least one director, and the names and addresses of directors and officers must be included in the Articles of Association. 6. Incorporates: The names and addresses of the individuals or entities involved in the incorporation process, commonly referred to as the incorporates. Incorporates initiate the corporation's formation but are not necessarily involved in its ongoing operations. It is worth noting that in Wisconsin, the term "Articles of Association" is rarely used, and "Articles of Incorporation" is the more commonly recognized and accepted term. However, both terms refer to the same legal document and serve the same purpose. In summary, the Wisconsin Articles of Association (Articles of Incorporation) are a crucial legal document that establishes the existence of a corporation in the state. By providing comprehensive information about the corporation's purpose, structure, and governance, these articles ensure compliance with state regulations while providing transparency to stakeholders and potential investors. No specific types of Wisconsin Articles of Association exist other than the standard articles used to form corporations. Nevertheless, corporations may choose to include additional provisions to address specific needs, such as limitations on director liability, the election and removal of directors, or various rights and restrictions associated with shares.
