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CORPORATE BYLAWS of ___ARTICLE 1 Company Formation 1.01FORMATION. This Corporation is formed pursuant to the Colorado Corporations and Associations Act (the NCAA), the Colorado Business Corporation
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A corporation is formed to operate as a separate legal entity from its owners, providing limited liability and various tax benefits.
Anyone looking to establish a corporation must file the necessary paperwork with the appropriate state agency.
To form a corporation, one must typically file Articles of Incorporation with the state, appoint directors, and issue shares of stock.
The purpose of forming a corporation is to conduct business activities while limiting personal liability and enjoying certain tax advantages.
Information such as the corporation's name, registered agent, purpose, initial directors, and number of authorized shares must be reported when forming a corporation.
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