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Incorporation is the formation of a new corporation. The corporation may be a business , a nonprofit organization , sports club , or a local government of a new city or town [ citation needed ] .
However, since "different states may register entities with the same names, a corporate name is a unique identifier only when combined with the name of the state of incorporation". [34] This explains why lawyers in legal papers often expressly refer to a corporation's state of incorporation after the first mention of its name. [34]
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.
Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada. They generally are filed with the Secretary of State in the U.S. State where the company is incorporated, or other company registrar.
Incorporation of a place, creation of municipal corporation such as a city or county; Incorporation (academic), awarding a degree based on the student having an equivalent degree from another university; Incorporation of the Bill of Rights, extension of parts of the United States Bill of Rights to bind individual American states.
The articles of incorporation typically record the corporation's name, if there are any limits to its powers, purposes or duration, identify whether all shares will have the same rights. With this information filed with the state, a new corporation will come into existence, and be subject to the legal rights and duties that the people involved ...
All states require payment of a fee (often under $200) upon incorporation. [4] Corporations are issued a certificate of incorporation by most states upon formation. Most state corporate laws require that the basic governing instrument be either the certificate of incorporation or formal articles of incorporation.
By convention, most common law jurisdictions divide the constitutional documents of companies into two separate documents: [1]. the Memorandum of Association (in some countries referred to as the Articles of Incorporation) is the primary document, and will generally regulate the company's activities with the outside world, such as the company's objects and powers.
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