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L3Cs are formed by filing articles of organization with the Secretary of State within a state that has L3C statute provisions. For businesses primarily operating in a state without L3C statute provision, it is possible to still legally form as an L3C by (1) incorporating in a state with an L3C statute provision, (2) registering as a foreign ...
A certificate of incorporation is a legal document/license relating to the formation of a company or corporation. It is a license to form a corporation issued by the state government or, in some jurisdictions, by a non-governmental entity/corporation. [1] Its precise meaning depends upon the legal system in which it is used.
The articles of incorporation outline the governance of a corporation along with the corporate bylaws and the corporate statutes in the state where articles of incorporation are filed. To amend a corporate charter, the amendment must usually be approved by the company's board of directors and voted on by the company's shareholders.
In the mid 1970s the association changed its name to the New Jersey Business & Industry Association. The change came as the association evolved into its current form, with an increased focus on lobbying the state government in the interest of business owners. [6] Michele N. Siekerka became NJBIA's 11th President in 2014.
Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney to draft articles of organization. Articles must be drafted to meet the state requirements to form a LLC. The state fee to file articles of organization to form a traditional LLC range from $40 - $500. [3]
SkillsUSA is a United States career and technical student organization serving more than 395,000 high school, college and middle school students and professional members enrolled in training programs in trade, technical and skilled service occupations, including health occupations. [citation needed]
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
If an organization is to qualify for tax exempt status, the organization's (a) charter — if a not-for-profit corporation — or (b) trust instrument — if a trust — or (c) articles of association — if an association — must specify that no part of its assets shall benefit any people who are members, directors, officers or agents (its principals).