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.
New Mexico Action by Sole Incorporated of Corporation refers to the process in which a single individual, known as the "sole incorporated," takes specific actions to establish a corporation in the state of New Mexico. This method allows for the creation and organization of a business entity without requiring the involvement of multiple incorporates or shareholders. The sole incorporated, as the name implies, is the only person responsible for initiating and completing the necessary legal steps to form the corporation. These actions include filing the required formation documents with the New Mexico Secretary of State's office and adopting the corporation's bylaws. The New Mexico Action by Sole Incorporated of Corporation helps simplify the incorporation process for small businesses or individuals looking to establish their own company without the assistance of additional stakeholders. By eliminating the need for multiple incorporates, this method streamlines the decision-making process and allows for greater flexibility and control over the corporation's formation. Key benefits of utilizing the New Mexico Action by Sole Incorporated of Corporation include: 1. Simplicity: This method offers a straightforward process that can save time and effort by bypassing the need for coordination among multiple incorporates. 2. Flexibility: The sole incorporated has the authority to make all relevant decisions regarding the corporation's structure, bylaws, and initial operations. 3. Control: By being the only incorporated, individuals can maintain full control over the establishment and direction of the corporation. Different types or variations of the New Mexico Action by Sole Incorporated of Corporation may include: 1. For-Profit Corporation: This type of corporation is formed for the purpose of conducting business activities and generating profits for its shareholders. 2. Nonprofit Corporation: A nonprofit corporation is formed to serve a specific purpose other than profit-making, such as charitable, educational, or religious endeavors. 3. Professional Corporation: This form of corporation is typically established by professionals, such as lawyers, doctors, or accountants, to provide their services within a corporate structure. 4. Close Corporation: A close corporation is a type of corporation with a limited number of shareholders who often have a close relationship or family ties. This structure allows for more informal operations and greater control among shareholders. In conclusion, the New Mexico Action by Sole Incorporated of Corporation offers individuals a convenient and simplified method to establish a corporation while providing greater control and flexibility. Whether forming a for-profit, nonprofit, professional, or close corporation, this option allows individuals to pursue their entrepreneurial aspirations independently while meeting the legal requirements set forth by the state of New Mexico.
