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.
Guam Action by Sole Incorporated of Corporation refers to the legal process in Guam where a sole incorporated takes necessary steps to establish a corporation. This action enables an individual to form a corporation without the need for additional participants or shareholders. It is important to follow the correct procedures and adhere to relevant regulations for a successful Guam Action by Sole Incorporated of Corporation. Key Steps Involved: 1. Choosing a Business Name: The sole incorporated must select a unique and appropriate name for the corporation, ensuring it complies with Guam's naming guidelines. 2. Preparing Articles of Incorporation: The sole incorporated needs to complete the necessary documentation, known as the Articles of Incorporation. This document outlines essential details such as the corporation's name, purpose, registered agent, share structure, and initial board of directors. 3. Filing with the Guam Registrar: The completed Articles of Incorporation and associated filing fees must be submitted to the Guam Registrar of Corporations. This step ensures the corporation is properly registered. 4. Appointing a Registered Agent: A registered agent in Guam is responsible for receiving official documents on behalf of the corporation. The sole incorporated needs to choose a registered agent within Guam's jurisdiction. 5. Paying Applicable Fees: Guam imposes various fees related to the incorporation process. The sole incorporated must submit the required payment along with the Articles of Incorporation. 6. Drafting Corporate Bylaws: Bylaws serve as internal rules governing the corporation's operations. The sole incorporated should outline these bylaws, including information regarding shareholders' rights, director appointments, and officers' roles. Different Types of Guam Action by Sole Incorporated of Corporation: 1. Professional Corporations: Sole professional incorporates, such as doctors or accountants, can establish professional corporations that adhere to specific rules governing their respective professions. These corporations offer liability protection to professionals while enabling them to provide services under a corporate entity. 2. Non-Profit Corporations: A sole incorporated can also form a non-profit corporation in Guam. These organizations are established for charitable, religious, educational, or other similar purposes and must comply with specific regulations to maintain their non-profit status. 3. Close Corporations: Close corporations refer to corporations with a limited number of shareholders, often operated by a small group of people who are actively involved in the company's management. A sole incorporated can form a close corporation to have full control over the decision-making process. In conclusion, Guam Action by Sole Incorporated of Corporation is the process of establishing a corporation in Guam where an individual assumes full responsibility as the sole incorporated. By following the appropriate steps, the sole incorporated can form various types of corporations, such as professional corporations, non-profit corporations, or close corporations, depending on their specific needs and requirements.
