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

1. Articles of Incorporation must be filed with the state government where the corporation is being formed.
2. They typically include details like the corporation's name, address, and type of business.
3. The document also lists information about the initial directors and shares of stock.
4. Filing Articles of Incorporation is often one of the first steps in forming a corporation.
5. 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?

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.