Articles of Organization for Corporation is a crucial document required when establishing a new corporation in the United States. It must be filed with the appropriate state authority and serves as the foundation for the corporation's legal existence. The document includes essential information such as the corporation's name, registered agent, purpose, authorized shares, and initial directors. Each state has specific requirements for these articles, and they must be properly filed and approved before the corporation can begin operations. This document is particularly important as it creates the legal framework for the corporation's existence and helps establish limited liability protection for shareholders.
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1. Article 1: Name of Corporation: Official corporate name complying with state requirements
2. Article 2: Registered Office and Agent: Official address and registered agent information
3. Article 3: Purpose: Statement of corporate purpose and permitted activities
4. Article 4: Duration: Period of corporate existence (usually perpetual)
5. Article 5: Capital Stock: Authorized shares and classes of stock
6. Article 6: Initial Directors: Names and addresses of initial board members
7. Article 7: Incorporator: Name and signature of person(s) forming the corporation
1. Article on Preemptive Rights: Additional article specifying shareholders' rights to purchase new stock issues before they are offered to non-shareholders
2. Article on Limited Liability: Additional article explicitly stating the limitations of shareholder liability beyond their investment
3. Article on Corporate Powers: Additional article detailing specific powers granted to the corporation beyond standard statutory powers
1. Schedule A: Initial Shareholders: Detailed list of initial shareholders and their respective stock holdings
2. Schedule B: Share Transfer Restrictions: Specific details regarding any restrictions on the transfer of shares
3. Appendix 1: Corporate Bylaws: Initial corporate bylaws that govern the internal management of the corporation
4. Appendix 2: Stock Certificate Forms: Templates and forms for stock certificates to be issued by the corporation
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