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The process of amending a corporation's articles is typically done through a special resolution. This can be achieved by a resolution approved by no less than two-thirds of the votes cast at a meeting of shareholders, or by a written resolution signed by all eligible shareholders.
Generic Procedure Plan to Amend a Company's Articles Firstly, the directors must convene a board meeting and provide appropriate notice. The director must obtain a quorum to approve the proposal and submit a resolution to the shareholders to amend the company's articles.
Articles of Incorporation must be amended to alert the state to major changes. Changes that qualify for state notification include changes to: address. company name.
How to Amend Articles of Incorporation Review the bylaws of the corporation. ... A board of directors meeting must be scheduled. ... Write the proposed changes. ... Confirm that the board meeting has enough members attending to have a quorum so the amendment can be voted on. Propose the amendment during the board meeting.
To make amendments to your Wisconsin articles of incorporation, you can file Wisconsin Form 4, Articles of Amendment ? Stock, for-Profit Corporation to the Wisconsin Department of Financial Institutions (DFI). The form is optional; you may draft your own Articles of Amendment.
To start a corporation in Wisconsin, you must file Articles of Incorporation with the Wisconsin Department of Financial Institutions. You can file the document online or by mail. The Articles of Incorporation cost $100 to file. Once filed with the state, this document formally creates your Wisconsin corporation.
Definition of Corporation A corporation is a legal entity that is separate and distinct from its owners or stockholders. 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.
Typically, an amendment to the Articles of Incorporation must be confirmed by a greater majority (2/3 or 3/4 depending on the jurisdiction) of the votes cast by the shareholders at a special general meeting.