Modify Company Charter
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Can I change my articles of incorporation?
In most states, you would file articles of amendment with the state to make changes to your articles of incorporation. ... If the shareholders approve the change to the articles of incorporation, the amended document must be sent to your state's Secretary of State for filing (there is usually a fee for filing this change.
Can you change the state of incorporation?
Generally, there are three ways to change the state of incorporation: dissolve the corporation in the original state and start a corporation in the new state; form a corporation in the new state and merge the old corporation into it (a reorganization); or dissolve the old corporation and reincorporate in the new ...
Can you transfer a corporation from one state to another?
From the legal perspective, there can be three ways to move a corporation to another state. Form the new-state corporation. Transfer assets and liabilities of the existing corporation to the new-state corporation. Dissolve the existing corporation.
Can you be incorporated in two states?
One common area of confusion and misconception is conducting business in multiple states. By law, if your company plans to conduct business in any other states than your state of incorporation (or LLC formation), then you may need to register your business in those states. This process is called foreign qualification.
How do I change the percentage of ownership in a corporation?
A shareholder's percentage in any corporation is the amount of shares she owns divided by the total number of shares outstanding. Therefore, to change a shareholders' percentage, you must adjust how many shares the shareholder controls, or adjust the amount of outstanding stock.
Do I need a new EIN if I move my LLC to another state?
Under certain circumstances, you might be required to obtain a new EIN as a sole proprietor moving to a new state. Although usually only one EIN is necessary no matter what state you move to, there are two instances in which a new EIN is required: If you create a Limited Liability Company (LLC) in a new state.
What Cannot be amended in the articles of incorporation?
Furthermore, the names of the incorporates, the first set of directors and subscribers, the initial treasurer, their original subscription and the place and date of execution of the first Articles of Incorporation cannot be amended.
What can be amended in the articles of incorporation?
Unless otherwise prescribed by this Code or by special law, and for legitimate purposes, any provision or matter stated in the articles of incorporation may be amended by a majority vote of the board of directors or trustees and the vote or written assent of the stockholders representing at least two-thirds (2/3) of ...
How do I change articles of incorporation?
Obtain articles of amendment of the articles of incorporation (sometimes called the certificate of amendment of articles of incorporation) from your state's Secretary of State. ...
Obtain a copy of the original articles of incorporation. ...
Propose the change in the articles of incorporation to the Board of Directors.
How do you amend bylaws?
Refer to the articles of incorporation. ...
Review the existing bylaws. ...
Request a meeting of the board of directors. ...
Hold a vote of the board of directors on the amendment. ...
Request a meeting of the shareholders. ...
Hold a shareholder vote.
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