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Your go-to guide on how to create a Articles Of Incorporation

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What is the purpose of the articles of incorporation?

What is the purpose of articles of incorporation? Articles of incorporation are important documents because they serve as legal proof that your company is established in your state. The articles contain mandatory provisions - which provide the state government with certain basic information about the corporation.

Why do people ask for articles of incorporation?

The articles of incorporation is a necessary document to create and register a new corporation with the state. This document sets up the business as its own separate entity and allows the company owners to legally run the company.

How much does it cost to file articles of incorporation in Illinois?

$150 File Illinois Articles of Incorporation $150 filing fee + franchise tax ($25 minimum) + optional $100 expedite fee. The expedite fee is required if you file online. Franchise tax is calculated as $1.50 per $1,000 on the paid-in capital represented in this state. How to Incorporate in Illinois - Harbor Compliance Harbor Compliance how-to-incorpora Harbor Compliance how-to-incorpora

What is the difference between LLC and articles of incorporation?

To form an LLC, one must file a charter and draft an operating agreement that outlines the management and ownership structure of the LLC. On the other hand, forming a corporation requires filing articles of incorporation and selecting a board of directors.

What are articles of incorporation Illinois?

What Are Illinois Articles of Incorporation? Preparing and filing your articles of incorporation is the first step in starting your business corporation. Approval of this document secures your corporate name and creates the legal entity of the corporation. Illinois Articles of Incorporation - Harbor Compliance Harbor Compliance illinois-articles-of-i Harbor Compliance illinois-articles-of-i

How do you write an article of Incorporation?

The articles should include: The corporation's name, location, and purpose. The number of shares the corporation is authorized to issue. The registered agent's name and registered office's address. Each incorporator's name and address. The names of each initial director. The corporation's purpose and primary activities. Articles of Incorporation Template (US) - contracts articles-of-incor contracts articles-of-incor

How long does it take to file articles of incorporation in Illinois?

Please allow 6 to 8 weeks for processing if you complete and mail Form REG-1 to us. If applicable, you will be issued a Certificate of Registration or License and taxpayer ID (i.e., your “tax” number). Business Registration - Illinois Department of Revenue Illinois Department of Revenue - businesses registration Illinois Department of Revenue - businesses registration

How do I fill out articles of incorporation in Illinois?

5 Steps to File Illinois Articles of Incorporation Choose the Illinois corporate name. Determine a business purpose. Select a Registered Agent. Add incorporator information. Determine the number of authorized shares of stock. Assign a list of Directors.

Is articles of incorporation the same as LLC?

Articles of incorporation and articles of organization are similar filings, with one primary difference: Articles of incorporation are for companies looking to form a corporation, while articles of organization are for limited liability companies (LLCs) ― an entirely different business classification under the Internal

Which is better, LLC or incorporated?

If all the owners want to participate in running the business, LLC beats Inc. But if the members want to be passive investors and have the business run by managers with more expertise than they have, and want the extra protections provided by the corporation statutes, then Inc.

What is the difference between an LLC and a LC?

Limited Liability Company (LLC) &: Limited Company (LC) “LLC” stands for “limited liability company,” and “LC” stands for “limited company.” They are basically the same thing, but different states call them different names.

Why use an LLC instead of a corporation?

LLC owners have greater flexibility in how they run their business. Taxwise, LLCs have more options than corporations. LLCs aren't tied to one particular tax classification and can be taxed as sole proprietorships, partnerships, C corporations or S corporations.

Is it OK to share articles of incorporation?

Articles of Incorporation are generally considered public records that anyone can access. Sending him a copy is not giving him anything that he could not get from the Secretary of State's office anyway.

What is the purpose of the Articles of Incorporation?

What is the purpose of articles of incorporation? Articles of incorporation are important documents because they serve as legal proof that your company is established in your state.

What is the statement of purpose of the articles of incorporation?

A Corporation's Articles of Incorporation Purpose Statement States typically do not require C Corporations to be very specific in their purpose statements within the Articles of Incorporation. To avoid creating a too-limited scope of business activities, companies often create a broad statement of business purpose.