District of Columbia Agreement to Incorporate Close Corporation

State:
Multi-State
Control #:
US-0092BG
Format:
Word; 
Rich Text
Instant download

Description

A corporation whose shares are held by a single shareholder or a closely-knit group of shareholders (such as a family) is known as a close corporation. The shares of stock are not traded publicly. Many of these types of corporations are small firms that in the past would have been operated as a sole proprietorship or partner¬ship, but have been incorporated in order to obtain the advantages of limited liability or a tax benefit or both.

The District of Columbia Agreement to Incorporate Close Corporation is a legal document that lays out the terms and conditions for creating a close corporation in the District of Columbia. Close corporations are a particular type of corporation where the shares are held by a limited number of shareholders and ownership is often closely held within a family or a small group of individuals. The Agreement to Incorporate Close Corporation outlines various key details and provisions necessary for forming a close corporation in the District of Columbia. It typically includes essential information such as the corporation's name, registered agent, principal place of business, purpose, and duration. Additionally, the agreement will specify the number of shares to be authorized and the consideration for each share, as well as the rights and restrictions associated with the shares. Furthermore, the document often addresses important corporate governance matters, including the powers and responsibilities of directors and officers, procedures for holding meetings, voting rights, and procedures for electing directors and officers. It may also contain provisions related to the transferability of shares, buyout or buy-sell agreements, and how disputes among shareholders will be resolved. Different types of District of Columbia Agreements to Incorporate Close Corporation may include variations based on the specific needs and objectives of the corporation and its founders. For example, agreements might differ depending on whether the close corporation is formed with specific tax or estate planning purposes in mind. Additionally, close corporations involved in specialized industries or fields may require additional clauses tailored to their respective nature of business. In summary, the District of Columbia Agreement to Incorporate Close Corporation is a comprehensive legal document that serves as the foundation for establishing and governing a close corporation in the District of Columbia. It covers various essential aspects of the corporation's formation, governance, and shareholder relationships, ensuring that the business operates smoothly and in compliance with applicable laws and regulations.

Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

How to fill out District Of Columbia Agreement To Incorporate Close Corporation?

It is possible to commit time on the web looking for the legal file format which fits the federal and state needs you will need. US Legal Forms gives 1000s of legal kinds which are evaluated by pros. It is simple to download or produce the District of Columbia Agreement to Incorporate Close Corporation from our services.

If you already have a US Legal Forms profile, you are able to log in and click the Obtain key. Afterward, you are able to full, revise, produce, or indication the District of Columbia Agreement to Incorporate Close Corporation. Every legal file format you acquire is the one you have eternally. To get one more duplicate of the purchased kind, go to the My Forms tab and click the related key.

Should you use the US Legal Forms internet site for the first time, follow the basic recommendations beneath:

  • Initial, ensure that you have chosen the best file format to the state/metropolis of your choice. See the kind description to make sure you have chosen the appropriate kind. If offered, utilize the Review key to look with the file format as well.
  • In order to discover one more edition of the kind, utilize the Look for discipline to discover the format that meets your needs and needs.
  • After you have found the format you want, simply click Acquire now to move forward.
  • Pick the rates plan you want, key in your accreditations, and register for an account on US Legal Forms.
  • Full the purchase. You may use your Visa or Mastercard or PayPal profile to purchase the legal kind.
  • Pick the formatting of the file and download it to your device.
  • Make modifications to your file if needed. It is possible to full, revise and indication and produce District of Columbia Agreement to Incorporate Close Corporation.

Obtain and produce 1000s of file templates using the US Legal Forms Internet site, that provides the most important collection of legal kinds. Use specialist and condition-particular templates to deal with your company or personal demands.

Form popularity

FAQ

For corporations that have been actively engaged in business, you must file Form DBU-7, Articles of Dissolution for Domestic For-Profit Corporation with the District of Columbia Department of Licensing and Consumer Protection (DLCP), Corporations Division.

The mission of the Department of Licensing and Consumer Protection is to protect the economic interests of residents, businesses, and visitors in the District of Columbia by licensing and regulating businesses and investigating and enforcing the Consumer Protection Procedures Act. Website .

The Corporations Division registers all entities, domestic (DC) or foreign (organizations formed outside of DC) that conduct business in the District of Columbia. This is the first step in business regulatory compliance.

If you are a corporation, partnership or limited liability company (domestic or foreign), you must be registered and in good standing with the Corporations Division. You must also have a Registered Agent.

If your organization is a corporation, limited liability company, partnership, or in some cases, a trust, said organization must be registered and in good standing with the Corporations Division.

The Corporations Division can be contacted by phone, fax, email, US Postal Service or walk-in visit: Phone: (202) 671-4500. Fax: (202) 671-4500. Mailing Address: DLCP Corporations Division, P.O. Box 92300, Washington, DC 20090.

Form a District of Columbia Corporation: Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account. File Washington DC Reports & Taxes.

The District is created a government by the name of the ?District of Columbia,? by which name it is constituted a body corporate for municipal purposes, and may contract and be contracted with, sue and be sued, plead and be impleaded, have a seal, and exercise all other powers of a municipal corporation not ...

Interesting Questions

More info

2011 Instructions to Complete the DC Combined Report for Franchise Tax Returns · 2012 Combined Reporting Schedules and Worksheets · 2013 Combined Reporting ... To learn more about setting one up, go to dlcp.dc.gov/accessdc. Once done, go to CorpOnline to sign in. What browsers can I use to access the CorpOnline ...(b) The Mayor's filing of the articles of incorporation shall be conclusive proof that the incorporators satisfied all conditions precedent to incorporation, ... Prepare and file articles of incorporation with the Department of Consumer and Regulatory Affairs. The filing fee is $185. The Department of Consumer and ... DC corporation formation requirements from BizFilings. Our District of Columbia guide provides DC incorporation requirements for your business. The certificate of incorporation for your LLC, as well as other corporate filings, will need to be filed with the Corporations Division. Please note: This guide ... States allowing statutory close corporations ; Arizona, Maryland, Texas ; Delaware, Missouri, Vermont ; District of Columbia, Montana, Wisconsin ; Georgia, Nevada ... Complete the appropriate form(s) and submit the dissolution documents to the DLCP online, by mail or in person. Corporate filings must have original signatures. Our office provides help with SBA services including funding programs, counseling, federal contracting certifications, and disaster recovery. The denial by some employers of the right of employees to organize and the refusal by some employers to accept the procedure of collective bargaining lead to ...

Trusted and secure by over 3 million people of the world’s leading companies

District of Columbia Agreement to Incorporate Close Corporation