All jurisdictions have statutes enabling qualified persons to form corporations for certain purposes by following specified procedures. The proper form and necessary content of articles of incorporation depend largely on the requirements of the several state statutes, which in many instances designate the appropriate form and content. Thus, while the articles must stay within the limitations imposed by the various statutes and by the policies and interpretations of the responsible state officials and agencies, the articles may usually be drafted so as to fit the business needs of the proposed corporation. In many states, official forms are provided; in some of these jurisdictions, use of such forms is mandatory. Although in some jurisdictions, the secretary of state's printed forms are not required to be used, it is wise to use the language found in the forms since much of the language found in them is required.
This form is baser on the Revised Model Business Corporation Act.
The Texas Articles of Incorporation is a legal document that individuals or business entities must file with the Secretary of State to form a corporation in the state of Texas. It serves as the foundation and governing document for the corporation and outlines important details about the company's structure, purpose, and operations. Here is a detailed description of what the Texas Articles of Incorporation entail: 1. Name and Address: The document must include the proposed name of the corporation, which should adhere to Texas naming guidelines. The corporation's principal office address and the name and address of the registered agent, responsible for accepting legal documents on behalf of the corporation, must also be specified. 2. Purpose: The Articles of Incorporation should state the purpose for which the corporation is being formed. This can be a specific business activity or a broader statement allowing the corporation to engage in any lawful activity. 3. Stock Information: The document must include details about the corporation's authorized stock, such as the total number of shares, par value (if any), and any specific classes or series of shares that will be issued. 4. Directors and Officers: The names and addresses of the initial directors and officers must be provided. Texas corporations can choose whether they want to have directors or be managed by officers, or a combination of both. 5. Duration: The Articles of Incorporation should state whether the corporation will have a specific duration, which is usually perpetual unless otherwise stated. 6. Registered Agent: A Texas corporation must designate a registered agent who is available during regular business hours to accept important legal documents on behalf of the corporation. The registered agent's name, address, and consent to act in that capacity should be included. 7. Incorporated Information: The document should include the name and address of the incorporated(s), who are responsible for filing the Articles of Incorporation. The incorporated(s) can be an individual or another legal entity. 8. Optional Provisions: Texas Articles of Incorporation may contain additional provisions that the corporation wishes to include. These could include provisions related to the corporation's structure, governance, or management, as long as they are not inconsistent with Texas law. Different types of Texas Articles of Incorporation include the general or standard Articles of Incorporation, which cover the fundamental aspects of forming a corporation. There may be variations for non-profit corporations, professional corporations, close corporations, or foreign corporations seeking to operate in Texas. In summary, the Texas Articles of Incorporation is a crucial legal document that must be filed to establish a corporation in Texas. It captures essential information about the corporation's purpose, stock structure, key personnel, and more. The document plays a pivotal role in defining the corporation's legal rights, responsibilities, and obligations within the state of Texas.
