Arkansas Checklist of Matters to be Considered at a Preliminary Meeting of Organizers of a Corporation and Included in its Minutes
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A corporation is a legal entity, meaning it is a separate entity from its owners who are called stockholders. A corporation is treated as a person with most of the rights and obligations of a real person. A corporation is not allowed to hold public office or vote, but it does pay income taxes.
The 10 Key Legal Documents for Your BusinessCompany bylaws for corporations.Meeting minutes.Operating agreement for LLCs.Non-disclosure agreement.Employment agreement.Business plan.Memorandum of understanding.Online terms of use.More items...?8 Sept 2014
Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information, such as the firm's name, street address, agent for service of process, and the amount and type of stock to be issued.
Arkansas businesses are not legally required to obtain a certificate of good standing. However, your business may choose to get one if you decide to do business outside of Arkansas or get a business bank account.
Some of the most important documents issued by a company are as follows: 1. Memorandum of Association 2. Articles of Association 3....Clauses of memorandum:The Name Clause:Registered Office Clause:Object Clause:Liability Clause:Capital Clause:Association Clause:
What must be included in articles of incorporation?the corporation's name and business address.the number of authorized shares and the par value (if any) of the shares.the name and address of the in-state registered agent.the names and addresses of its incorporators.
A statement of the corporation's purpose. the corporation's duration. information about the number of shares and classes of stock the corporation is authorized to issue. the names and addresses of the incorporators, or of the initial officers or directors; and.
The main components of the Articles of Incorporation include the name of the corporation, type of corporate structure. Depending on a company's goals and the industry, registered agent, number of authorized shares, and names and signatures of the owners of the corporation.
The five key documents include profit and loss statements, balance sheets, cash-flow statements, tax returns and aging reports.
Statement of Purpose. Your statement of purpose should reflect every facet of your corporation and its particular niche.Members.Board of Directors.Shareholders' Meetings.Committees.Stock.Officers.Indemnification.More items...
