Articles of incorporation
Definition
Articles of Incorporation are legal documents filed with a government body to legally document the creation of a corporation. They outline basic information about the corporation such as its name, purpose, and structure.
5 Must Know Facts For Your Next Test
- Articles of Incorporation must be filed with the state government where the corporation is being formed.
- They typically include details like the corporation's name, address, and type of business.
- The document also lists information about the initial directors and shares of stock.
- Filing Articles of Incorporation is often one of the first steps in forming a corporation.
- Once approved, Articles of Incorporation provide legal recognition to the corporate entity.
Review Questions
- What key information is included in Articles of Incorporation?
- Why are Articles of Incorporation important for forming a corporation?
- Where must you file Articles of Incorporation to establish a new corporation?
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Related terms
Bylaws: Internal rules governing how a corporation will operate and be managed.
Shareholders: Individuals or entities that own shares in a corporation.
Corporate Charter: A formal document that creates a legal entity, similar to Articles of Incorporation but may include more detailed governance structures.
