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.
District of Columbia Agreement to Incorporate Close Corporation
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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 ...