This multistate form relates to Section 200 of the California Corporate Code that provides in part as follows:
(a) One or more natural persons, partnerships, associations or corporations, domestic or foreign, may form a corporation under this division by executing and filing articles of incorporation.
(b) If initial directors are named in the articles, each director named in the articles shall sign and acknowledge the articles; if initial directors are not named in the articles, the articles shall be signed by one or more persons described in subdivision (a) who thereupon are the incorporators of the corporation.
(c) The corporate existence begins upon the filing of the articles and continues perpetually, unless otherwise expressly provided by law or in the articles.
Los Angeles, California, is a vibrant and populous city located on the west coast of the United States. It is known for its diverse culture, mega-entertainment industry, stunning beaches, and iconic landmarks. In the context of "Action by Sole Incorporated of Corporation," Los Angeles provides a favorable environment for entrepreneurs looking to establish their own business ventures. When it comes to starting a new corporation in Los Angeles, a sole incorporated can take specific actions to establish the legal and operational framework of the business. These actions typically involve drafting important corporate documents, obtaining necessary licenses and permits, and fulfilling statutory obligations. Let's delve into some common types of actions taken by a sole incorporated in Los Angeles, California: 1. Drafting and Filing Articles of Incorporation: The sole incorporated is responsible for preparing and filing the Articles of Incorporation with the California Secretary of State. These documents outline essential information about the corporation, such as its name, purpose, registered agent, and initial directors. Filing the articles officially creates the corporation, giving it legal existence. 2. Appointing Initial Directors: As the sole incorporated, you have the authority to appoint the initial board of directors for your corporation. These directors will play a crucial role in overseeing the company's activities, making major decisions, and acting in the best interests of the corporation and its shareholders. 3. Drafting Corporate Bylaws: Bylaws are the internal rules and regulations that govern the corporation's day-to-day operations. As the sole incorporated, you will establish these bylaws, which cover areas like shareholder meetings, voting procedures, officer roles, financial policies, and other important governance matters. 4. Obtaining Necessary Licenses and Permits: Depending on the nature of the business, the sole incorporated must ensure compliance with all relevant federal, state, and local licensing requirements. This involves obtaining permits, licenses, and registrations, such as the California Seller's Permit, professional licenses, health department permits, or any other industry-specific credentials. 5. Issuing Stock: The sole incorporated can determine the allocation and issuance of shares of stock in the corporation. This involves establishing the par value, total authorized shares, and distributing shares to the initial stakeholders, including yourself or any other investors. 6. Adopting Initial Resolutions: To establish corporate policies and procedures, the sole incorporated can adopt initial resolutions. These resolutions cover a wide range of matters like the adoption of a fiscal year, appointment of officers, opening bank accounts, or authorizing specific actions for the corporation's smooth functioning. In summary, Los Angeles, California offers an exciting entrepreneurial landscape where a sole incorporated can take various actions to establish a corporation successfully. These actions may involve filing Articles of Incorporation, appointing directors, drafting bylaws, obtaining licenses, issuing stock, and adopting initial resolutions. The specific steps may vary depending on the corporation's requirements and the industry it operates in.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
