Financial Definition of ARTICLES OF INCORPORATION

articles of incorporation

What It Is

Articles of incorporation are legal documents that set forth a corporation's basic information, such as its location, profit/nonprofit status, board composition, and ownership structure. Articles of incorporation are often called corporate charters.

How It Works

The articles of incorporation must be filed with the Secretary of State for the state in which the corporation is headquartered. Many state government websites offer basic templates for articles of incorporation. Although requirements vary by state, articles of incorporation typically include the following:

Array

Once they are filed and approved by the Secretary, the corporation is considered to be legally created. In most cases, there is fee to do this.

Why It Matters

It is important to note the difference in the business laws of each state before considering opening a business in a certain domicile. Most business owners consult attorneys before filing their articles of incorporation.

Law Dictionary

articles of incorporation

  1. :  a document by which a corporation is formed that sets forth basic information (as the corporation's name, purpose, directors, and stock) usually as required by statute — see also certificate of incorporation — compare bylaws, charter

Additional Notes on articles of incorporation

In most states a corporation is created upon the filing of the articles of incorporation with the secretary of state.


Financial Definition of ARTICLES OF INCORPORATION

articles of incorporation

What It Is

Articles of incorporation are legal documents that set forth a corporation's basic information, such as its location, profit/nonprofit status, board composition, and ownership structure. Articles of incorporation are often called corporate charters.

How It Works

The articles of incorporation must be filed with the Secretary of State for the state in which the corporation is headquartered. Many state government websites offer basic templates for articles of incorporation. Although requirements vary by state, articles of incorporation typically include the following:

Array

Once they are filed and approved by the Secretary, the corporation is considered to be legally created. In most cases, there is fee to do this.

Why It Matters

It is important to note the difference in the business laws of each state before considering opening a business in a certain domicile. Most business owners consult attorneys before filing their articles of incorporation.


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