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ARTICLES OF INCORPORATIONA Virginia Stock Corporation
In compliance with the requirements of A Virginia Stock Corporation, and for the purposes of forming a for-profit business corporation in Virginia, the undersigned desire to form a corporation according to the following Articles of Incorporation.
The registered office is physically located in the county of __________
The Class A voting, cumulative shares will have the following rights and privileges attached to them and be subject to the following conditions and limitations:
Articles of Incorporation are also known as:
Articles of Incorporation are legal papers filed with the state government when you are incorporating a business. The articles must detail the name of the corporation, the number of shares the corporation is authorized to issue, the address of the initial registered office and registered agent, and the name and address of each incorporator.
The articles may also contain details like the names of any initial directors, the primary activities or purpose of the corporation, and any starting provisions governing the management of the corporation.
The specific laws and regulations applicable to incorporating a business vary from state to state. LawDepot's Articles of Incorporation form is customized automatically based on the state you select.
There are two common types of corporations in the United States:
When it comes to taxes, the corporation must pay corporate taxes on its profits while shareholders will also be liable to pay personal income tax on any salaries, bonuses, or dividends paid to them.
The tax treatment of S Corp elections varies from state to state. An LLC or C Corporation is eligible to become an S Corp if it has a maximum of 100 shareholders, each of whom must be individuals (not corporations or partnerships), and who must be U.S. citizens or permanent residents.
A registered agent, also known as a resident agent or statutory agent, is a person with a legal street address (not just a PO box) in the state where the company will be incorporated. The registered agent must be available during regular business hours, and is responsible for receiving government documents relating to taxes, and any official papers concerning legal actions related to the business.
Articles of Incorporation may not be used for companies based in certain industries, depending on your state laws. In the State of Florida, for example, the Articles of Incorporation form cannot be used to incorporate businesses from the following industries:
Articles of Incorporation are a requirement for incorporating your business. You should consider incorporating your business to receive the following key benefits:
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