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.
Arizona Action by Sole Incorporated of Corporation is a legal process in which the sole incorporated of a corporation in Arizona takes certain actions to establish and set up the corporation. The sole incorporated is the person responsible for initiating the incorporation process and bringing the corporation into existence. To start the Arizona Action by Sole Incorporated of Corporation, the incorporated must follow specific steps and fulfill specific requirements. Firstly, the incorporated needs to file the Articles of Incorporation with the Arizona Corporation Commission (ACC). The Articles of Incorporation include important information about the corporation, such as its name, business purpose, duration, registered agent, and the number of authorized shares. Once the Articles of Incorporation are filed and accepted by the ACC, the sole incorporated can then proceed with other actions to establish the corporation. These actions may include: 1. Appointment of Directors: The sole incorporated appoints the initial board of directors who will govern the corporation's affairs. The directors' names and addresses must be documented in the corporation's records. 2. Adoption of Bylaws: The incorporated may adopt the corporation's bylaws, which outline the internal rules and procedures for operating the corporation. Bylaws typically cover matters like the frequency of meetings, roles and responsibilities of directors and officers, and voting procedures. 3. Issuance of Stock: If the corporation intends to issue shares, the sole incorporated may authorize the issuance of stock to initial shareholders. This involves determining the number of shares to be issued, their par value (if any), and the consideration for which the shares are being issued. 4. Organizational Meeting: The sole incorporated may convene an organizational meeting where the initial directors and shareholders discuss and finalize important matters related to the corporation's formation. During this meeting, the corporation's officers may be elected or appointed, and additional decisions regarding the corporation's operation can be made. It is worth noting that while the actions mentioned above typically fall under the Arizona Action by Sole Incorporated of Corporation, these actions may vary depending on the specific circumstances of the corporation and the preferences of the sole incorporated. In summary, the Arizona Action by Sole Incorporated of Corporation involves filing the Articles of Incorporation, appointing directors, adopting bylaws, issuing stock, and holding an organizational meeting. Following these steps ensures the proper establishment and formation of a corporation in Arizona.
