Articles Of Incorporation Protect For Free

Can a LLC be sued? Generally, an owner of an LLC is not legally responsible for the actions of the business. Therefore, an owner cannot be sued for the obligations of the company.

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.

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. the names and addresses of its incorporators.

Corporations and limited liability companies, on the other hand, offer personal liability protection. The liability protection offered by these types of business entities helps ensure that a loss or incident that occurs in your business doesn't result in exposure to your personal finances and assets.

The name of your corporation. your corporation's principal place of business. the name and address of your corporation's registered agent. a statement of the corporation's purpose. the corporation's duration. information about the number of shares and classes of stock the corporation is authorized to issue.

Strategies to protect your personal assets when doing business include:selecting the right business structure;maintaining your corporate veil;purchasing the proper insurance;making superannuation contributions;moving assets to family members;protecting your IP; and.having the proper contracts in place.

Proof of Corporation Ownership The business owner uses their own tax ID number to claim the business's profits and losses. S Corporation owners can prove business ownership with the following documents: A copy of their personal tax returns. The articles of incorporation with the stock information included.