This website uses cookies to ensure you have the best experience. Learn more

Articles Of Inc Essay

1944 words - 8 pages

Management 301
Ownership 2A

California Articles of Incorporation (Close Corporation)
ARTICLES OF INCORPORATION
I.
The name of this corporation is (NAME OF CORPORATION)
II.
The purpose of the corporation is to engage in any lawful act or activity for which a corporation may be organized under the GENERAL CORPORATION LAW of California other than the banking business, the trust company business or the practice of a profession permitted to be incorporated by the California Corporations Code.
III.
The name and address in the State of California of this corporation's initial agent for service of process is:
Name ...view middle of the document...

The name of a close corporation must include the word "corporation", "incorporated" or "limited" or an abbreviation of one of the three.
Article II—has been taken directly from the California Corporations Code as is required by law and should not be modified when drafting documents.
Article III—is to be completed with the name and California street address, or the physical location, of the agent for service of process a post office box is not acceptable). The designated agent, individual or corporation, must agree to accept process on behalf of the corporation prior to designation. A proposed corporation cannot designate itself as agent for service of process. When designating another corporation as agent, the agent corporation must have on file, in the Secretary of State, a statement pursuant to Section 1505, California Corporation Code. When a corporate agent is used, the address of the designated corporation is to be omitted from the articles.
Article IV—is to be completed with the total number of shares that the corporation is authorized to issue.
Article V—is to be retained as stated with the number of persons completed. Please note that the number of persons designated cannot exceed 35.
The Articles of Incorporation must be originally signed by an incorporator unless initial directors are named in the articles. If initial directors have been named in the Articles of Incorporation the directors named must sign and acknowledge the document in lieu of an incorporator. The name(s) of the person(s) signing must be typed directly below the signature.
The original and at least two copies of the completed documents are then mailed or hand delivered to the Secretary of State, together with the applicable fee. (If documents are to be filed in the Fresno, Los Angeles or San Diego office, a duplicate original is also required.)
ORGANIZATION OF CALIFORNIA CLOSE CORPORATIONS
Business corporations authorized to issue stock, excluding such special organizations as cooperatives, credit unions, etc., are organized under the General Corporation Law, and particularly Title 1, Division 1, Chapter 2, California Corporations Code.
Sections 200–202, California Corporations Code, outline the minimum content requirements of Articles of Incorporation for stock corporations. Section 158 of the Code specifically deals with statutory close corporations. The attached sample was drafted to meet minimum statutory requirements. The sample may be used to draft documents to be filed with the Secretary of State to incorporate. It is, however, suggested that you seek private counsel for advice regarding the proposed corporation's specific business needs which may require the inclusion of special permissive provisions or the formation of the corporation as a general stock corporation rather than formation as a close corporation.
THE FEE FOR FILING ARTICLES OF INCORPORATION ON BEHALF OF A STOCK CORPORATION IS $_____. Additionally, the $_____ minimum annual franchise...

Other Papers Like Articles of Inc

The Articles Of Confederation Vs. The US Constitution

1329 words - 6 pages The Articles of Confederation were written to form a government for the new states after they decided to declare their independence form Great Britain. The Articles were written in 1776 and ratified by all the states in 1781. The articles were a "league of Friendship between 13 sovereign or independent states." (Text p. 41). The Articles provided the US with a basic government that gave the state all the power and the central government very

Masters of the Universe Essay

2037 words - 9 pages both of the needs by entering into a relatively new industry in making and selling organic clothing to be sold to unrelated retailers. Saturn and Venus received a combination of Debt and Equity for their contributions to new firm Jupiter Inc. The articles of incorporation of Jupiter Inc. states the terms of governance and management of Jupiter as follows: Board of Jupiter is comprised of eight members, four from Venus and four from

Creating A Corporation

1352 words - 6 pages one of these words (Corp., Inc. or Ltd.). The name cannot contain certain words prohibited by the state, such as Bank, Cooperative, Federal, National, United States or Reserve. Your state’s corporation’s office can tell you how to check if your proposed name is available for your use. Often, for a small fee, you can reserve your corporate name for a short period of time until you file your articles of incorporation. Besides following your

Bug Inc Paper

1409 words - 6 pages University of Phoenix BUS 415 CC08BAM08 Hedy Zhang December 02, 2008 Introduction BUG, Inc., a company based in Los Angeles, California, invented an electronic recording device, which can intercept and record sounds and voices through the walls of a house, using a remote microphone. The company designs, manufactures, and sells these devices exclusively to state and federal law enforcement in various plants throughout the United

Do Businesses Need to Invest in Creative Thinking If They Want to Be Successful?

1005 words - 5 pages businessmen in motivating inventiveness in workplace. They are trying to find out new or even unique ideas to attract more customers. In fact, most consumers often prefer using products that are new or never released to the market before, especially goods of famous corporation. Apple Inc. is a typical example of the success that is based on the creativity. Before the emergence of the iPhone in 2007, handset manufacturers, namely Nokia or Motorola

Business in Virtual Library

690 words - 3 pages Research Databases ACM Digital Library The ACM (Association for Computing Machinery) Digital Library includes bibliographic information, abstracts, reviews, and full-text for articles published in ACM periodicals and conference proceedings. Criminology This database includes the full-text of 24 journals published by SAGE and participating societies. It covers such subjects as Criminal Justice, Juvenile Delinquency, Juvenile Justice

Ssbb - What Do They Need To Know

544 words - 3 pages issues in developing Black Belts are also discussed. The Panel Discussion Participants in discussing Hoerl’s paper include the following leading Six Sigma experts: • Douglas C. Montgomery of Arizona State University with Cathy Lawson of Motorola Communications Systems Division, Wade E. Molnau of Motorola Space Systems and Services Division and Russ Elias of ON Semiconductor. • Ronald D. Snee of Sigma Breakthrough Technologies Inc. • Thomas Pyzdek of

Portable Lignite Crusher

609 words - 3 pages Cornerstone Equipment Inc - Inventory - New & Used Cornerstone Equipment Inc. was founded to sell new and used crushers, screens, conveyors, wash plants, loaders, dozers, and more. coal feeder,coal feeder types,types of coal feeder Coal Crusher Types Ring Hammer Coal Crusher Coal Roller Press Double Roll Coal Crusher Mobile Coal Crusher Impact Coal Crusher Jaw Coal Crusher Coal stone crusher aggregate, cone crusher crushing capacity Home >&gt

Transaction Focused

748 words - 3 pages & A. Ashton (Eds.), Judgment and decision making research in accounting and auditing (pp. 207–230). New York: Cambridge University Press. Shelton, Sandra Waller. "Influence of Business Risk Assessment on Auditors' Planned Audit Procedures - Academy of Accounting and Financial Studies Journal Articles | Find Articles at CBS MoneyWatch.com." Find Articles at BNET | News Articles, Magazine Back Issues & Reference Articles on All Topics. Web. 11

Sickle Cell Anemia

1015 words - 5 pages (Nabili, 2008, para. 1). A person with normal red blood cell will have hemoglobin A, however a person with sickle cell disease will have hemoglobin S (Sickle cell Disease Association of America, Inc.,2005, para 3). Normal red blood cells are usually round and soft and travel easily through small vessels; however sickle cells are abnormally shaped and stiff, thus causing them to have difficulty travelling through small vessels. Sickle cells can

Case Study

591 words - 3 pages its phenomena objectively, without reference to human meaning and purpose. References: Britanica Concise Encyclopedia Encyclopedia Britanica, Inc. Copyright © 2006 Page 908 21st Century Reference Dictionary Joyce M. Hawkins Copyright © 1996 Page 44 Funk and Wagnalls Encyclopedia Vol.15 Leon L. Bram Copyright © under the articles of the copyright convention of the pan American republics and the united states. Page 445 Universal Standard Encyclopedia Vol.21 Wilfred Funk Inc. Copyright © 1955 Page 7,849 The New Encyclopedia Britanica 15th edition Vol. 6 Encyclopedia Britanica, Inc. Copyright © 2007 Pages 138 – 139

Related Essays

Ipo Analysis Of 2go Group Inc

411 words - 2 pages mandatory tender offer requirement, NENACO's ownership in ATS increased by 4.92%. Thus, in 2011, 2GO amended its Articles of Incorporation to change the corporate name to ATS Consolidated (ATSC), Inc. The amendment was approved by the SEC in August 24, 2011. On the 20th day of May, 1949, that the authorized capital stock of the Corporation was Four Billion Seventy Four Million Nine Hundred and Eight Thousand (P4,074,908,000.00), Philippine

Business Ethics Case: Calder V. Jones

644 words - 3 pages Enquirer, owned by American Media Inc. (AMI), “is a national weekly newspaper/tabloid magazine publication which broadcast celebrity news/scandals in articles through gossip, crimes, photos, and video appearances of celebrities,” (American Media Inc, 2010). The newspaper publication circulates more than five million copies, including 600,000 copies distributed throughout the state of California. Was it ethical for the National Enquirer to try to avoid

Peer Reviewed Articles

928 words - 4 pages Running head: PEER-REVIEWED ARTICLES Peer-Reviewed Articles Peer-reviewed Articles Peer-reviewed articles go through a series of reviews by different scholars who do not know the author such as professors, colleagues and doctors. They read the articles, dissect and critique each sentence and do research to make sure that the information in the article is in-fact accurate. This gives the readers a feeling of trust in the article that

Proposal Report

429 words - 2 pages . and a lot more articles and analyst reports are helping us put up a good presentation report for Red Hat Inc. Red Hat’s primary mission is to develop better software’s with the help of leaders and developers, by creating a strong base for the future of the IT industry. Currently, Red hat is moving towards Cloud platform. They believe that open technology is the key to gaining control of our future and the needs of the users. We are figuring out