Articles Of Incorporation Remove Fileds For Free

Determine whether the LLC's governing documents set out formal procedures. Implement the formal procedure. Have the former member submit a written notice of withdrawal. File a petition for judicial dissolution.

To remove an officer, a corporation must obtain a majority vote of the shareholders. It is recommended that members show "just cause" for the removal of the officer. As a general rule, officers have a fiduciary duty to act in good faith, and exercise due diligence when making business decisions for the company.

Review state laws and the corporation's shareholder agreement and company bylaws. Prepare a corporate resolution for review by the board of directors or investors. Remove the individual as an officer or director, if applicable. Purchase the departing shareholder's shares and cancel the stock certificate.

Broadly, articles of incorporation should include the company's name, type of corporate structure, and number and type of authorized shares. Bylaws work in conjunction with the articles of incorporation to form the legal backbone of the business.

Your resignation should be enough legally, but if someone sues, they will sue everyone in sight. If your Board is agreeable, you may be able to amend the Articles to remove your name. Some states will not permit this.

Identify the breach. Conduct an investigation, determine local officer removal laws, and consult company bylaws. Detail findings. Inform the officer of the removal process. Schedule a shareholders' meeting to address officer removal and inform the officer in question of the meeting.

The first step in removing an officer from your corporation is to vote. You will call a board meeting and bring up the topic. If you wish to remove an officer, a majority of the officers or the board must agree to it. Once the majority vote happens, you can vote on a replacement.