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An incorporator is a person or company that is responsible for incorporating a business; an incorporator is not necessarily the same as a corporation officer or director. Most states require you to provide the name and address of one or more incorporators.
An LLC organizer is a designated person who is responsible for filing a limited liability company's formation paperwork with the state. These documents are most commonly referred to as the Articles of Organization. The Articles of Organization are perhaps one of the most important parts of forming your business.
Most states require that individuals serving as LLC organizers be at least 18 years of age or older. States have few other rules or regulations regarding who is legally allowed to serve as an LLC organizer.
The statement of incorporator is a document signed by all of the incorporators, which sets out the actions taken at the meeting and passes all elements of control over the company to the initial directors. It is filed with the minute book of the corporation.
A resolution is a decision approved by the incorporators, shareholders, or management of a corporation. Resolutions can be made during a board meeting, or they can be made by an agreement without a meeting (as long as a written consent to action is obtained from the shareholders or directors involved).
Typically, incorporators are the actual owners of the business. In such a situation, although they begin as incorporators with very little rights, they become the owners of the corporation once its existence begins.
A statement of incorporation, referred to in most states as articles of incorporation, serves as a founding charter for a business making the legal move to incorporate.
At this time of formation, the sole incorporator is the only person with authority to act on behalf of the corporation, so this consent provides the directors with the authority they need to take corporate action.
An incorporated business (also called a corporation) is a type of business that offers many benefits over being a sole proprietor or partnership, including liability protection and additional tax deductions. Forming a corporation also allows you raise capital through sale of shares of your company.
An organizer is a person who performs the same functions as an incorporator, except they perform them for a limited liability company (LLC) rather than a corporation.