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ARTICLES OF INCORPORATION SOUTH DAKOTA AVIATION HALL OF FAME We, the undersigned, natural persons of the age of eighteen (18) years or more, acting as incorporates under DCL Chapter 4722, adopt the

How to fill out articles of incorporation

How to fill out articles of incorporation:

1. Begin by selecting a business name for your company. Make sure to choose a unique and distinct name that complies with your state's laws and regulations. Check for trademark and domain name availability as well.
2. Determine the purpose of your business. Clearly state the nature and scope of your company's activities in the articles of incorporation. This will help establish the legal and operational framework of your business.
3. Specify the registered agent and registered office. The registered agent is an individual or entity designated to receive legal papers on behalf of the company. The registered office is the official address where the registered agent is located, typically the company's main place of business.
4. Decide on the number and type of shares authorized. Determine the number of shares the company is authorized to issue and classify them into different types, such as common or preferred shares. This section defines the ownership structure of the company.
5. Identify the initial board of directors. List the names and addresses of the individuals who will serve on the initial board of directors. These individuals will be responsible for making significant decisions and overseeing the company's operations.
6. Outline the company's bylaws. While not included in the articles of incorporation, the bylaws govern the internal operations and regulations of the company. However, it is important to reference their existence in the articles of incorporation.

Who needs articles of incorporation:

1. Any individual or group looking to establish a formal business entity, such as a corporation, needs articles of incorporation. It is a legal requirement in most jurisdictions to properly register and organize a corporation.
2. Entrepreneurs or business owners seeking to protect their personal assets and limit their liability may choose to form a corporation. By separating personal and business assets, the articles of incorporation shield shareholders from personal financial risk.
3. Startups or businesses planning for future growth and potential funding may opt for incorporation. Many investors prefer to invest in established corporations, which makes having articles of incorporation beneficial in attracting external funding and partnerships.
4. Non-profit organizations also require articles of incorporation to establish their legal status and eligibility for tax-exempt status. These articles may include additional provisions specific to non-profit organizations, such as charitable purposes and abstention from political activities.
5. Existing businesses operating as sole proprietorships or partnerships may choose to transition into corporations to take advantage of tax benefits, improved liability protection, and enhanced business credibility.

In conclusion, anyone planning to establish a business entity, wishing to limit personal liability, seeking external funding, or aiming for non-profit status would need to prepare articles of incorporation following the outlined steps.

For pdfFiller’s FAQs

What is articles of incorporation?

Articles of incorporation are legal documents that establish a corporation as a separate legal entity.

Who is required to file articles of incorporation?

Any individual or group looking to create a corporation is required to file articles of incorporation.

How to fill out articles of incorporation?

Articles of incorporation can be filled out by providing information about the corporation, such as its name, purpose, registered agent, and initial directors.

What is the purpose of articles of incorporation?

The purpose of articles of incorporation is to officially create a corporation and establish its existence as a legal entity.

What information must be reported on articles of incorporation?

Articles of incorporation must include the corporation's name, purpose, registered agent, initial directors, and address.

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