Â C-corps can issue an unlimited number of shares, whereas S-corps are limited to 100 shares. Articles of incorporation are required to establish a. . These services will walk you through a step-by-step questionnaire about your business that includes all the information in the articles of incorporation. Was this document helpful? 503 articles of incorporation - ecclesiastical . Once the state approves your filing, your business officially exists. It is important to ensure that you have filed your company's articles of incorporation properly and in a timely fashion, as the approval time may vary from state to state, and it is required before you can take additional steps in the establishment of your business. The company name also has to end with some kind of corporate identifier, such as Inc. or Corp. John OâBrien, an attorney and owner of John R. OâBrien, P.C. Â To organize your company as an S-corporation, youâll need to file. if you mail in a name reservation request. Articles of Incorporation Instructions. Number of authorized shares of stock. Mail Type of Document Mailing Address; Annual Report: Business Registration Division PO Box 29525, Raleigh, NC … Hiring an attorney is a good idea, though. Are AOI the Same as Articles of Organization? Same-day service will cost an additional $100. When filing articles of incorporation, you must choose a registered agent to whom your state can forward official information such as lawsuits and tax notices. These services will walk you through a step-by-step questionnaire about your business that includes all the information in the articles of incorporation.  In fact, many investors wonât invest in a company unless it is incorporated in Delaware. Well, the first question may actually be, what are articles of incorporation? They are elected by shareholders and appoint the officers. A lawyer can counsel you on whether a corporation is the right choice of. The last option is to hire a lawyer to help you file. Filing Articles of Incorporation is necessary to register your business with your state. Corporate Name. Youâll receive a formal certificate of incorporation in the mail. Â Annual reports usually contain detailed financial data for prospective shareholders and the public. You may get a little scared when you see all of the legal terminology, but don’t worry! within a month or two of your incorporation. Based on tax data from 1980 to 2013, sole proprietorship is the most popular type of business structure. No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. At this meeting, youâll issue shares of stock and record the transfer. 502 articles of incorporation - nonprofit . Most states even allow you to. Most businesses can handle filing on their own or through a legal help site. Priyanka specializes in small business finance, credit, law, and insurance, helping businesses owners navigate complicated concepts and decisions. It can take several days to approve your articles if you file online and even longer if you file by paper. , but there are good reasons not to do so. All online submissions are expedited at $20 per entity (in addition to regular fees).Online and paper expedited filings are generally processed in 2 business days. 313 waiver statement . , sole proprietorship is the most popular type of business structure. The company will then fill out and submit the form on your behalf. Some benefits of doing so include: 1. If you have a business lawyer with a local office, they can act as your registered agent. For instance, if your company is incorporated in Delaware but does business in New York, youâll have to pay New York state income taxes on business income plus a âfranchise taxâ for being incorporated in Delaware. A registered agent is an individual or company that receives legal and financial documents, such as the annual reporting notice from the state, on your behalf. Articles of Correction. Failing to complete these tasks can land your company in hot water legally or open you up to an IRS audit. A corporation is officially formed when the Articles of Incorporation are filed with the SOS. Your articles should specify the number of shares, but you donât have to issue all of them. Fortunately, it is easy enough to do a search, online and within your state, of registered business names to ensure that your perfect company name has not already been snagged by someone else. Review and verify your information for accuracy. Most states also require corporations to have corporate bylaws. Difference Between Certificate of Incorporation and AOI. LLCs are easier to maintain than corporations, while offering many of the same advantages. Before filing your articles of incorporation, there are a few things that youâll want to take care of. : Nonstock Corporation: Use CIS or complete Articles of Incorporation (Form SCC 819) and file it with the State Corporation Commission. You can access your form by visiting your stateâs business filing agency online. In most states, this means the secretary of stateâs or attorney generalâs website. For example. The fees vary from state to state, so you will want to confirm with the state in which you will be doing business, as to the fees involved. The articles of incorporation is a document that establishes a corporation as its own entity, and it is often considered the first step in creating a new business. You must submit your paperwork in person with an Expedited Service Request form. Priyanka Prakash is a senior contributing writer at Fundera. Some states have a general statement authorizing the business to engage in any lawful purpose, but other states require a more specific description of your businessâs products or services. Many states do require that companies submit a filing fee, upon submitting their articles of incorporation. in a local newspaper that contains your businessâs name, address, number of shares, and other information from your articles. Once approved by the state, the articles legally establish your corporation. Filings and information contained in filings you submit to the Secretary of State are public record, including names, phone numbers, email addresses, and mailing and street addresses, except as provided in statutes. For documents with a filing fee of $25.00 or more: Upon filing, we will return one (1) uncertified copy of your filed document for free, and will certify the copy upon request and payment of a $5.00 certification fee at the time of submission. You may also be questioning the importance of incorporating your business. Filing Articles of Incorporation. There are four types of company: 1. For example, Delaware and Nevada are popular âincorporation havensâ because of their favorable tax laws and corporation-friendly legal systems. Legal service sitesâsuch as LegalZoom, Rocket Lawyer, and IncFileâoffer a little extra help in filing. Some additional things to keep in mind as you prepare to file your articles of incorporation are the filing fees. Writing and filing the Articles of Incorporation is a crucial, fundamental step to establishing a new nonprofit organization. In all states, the filing of the articles of incorporation requires the payment of a corresponding filing fee -- ranging anywhere from $35 to $300, depending upon the state of incorporation. However, should you not wish to invest the money in an attorney, but want to ensure that your articles of incorporation are well-written, with all the required information, you can hire a document specialist who will oversee the creation and filing of your articles of incorporation. 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