What are the Articles of Incorporation and Bylaws?
A Corporation’s “Articles of Incorporation” is the main filing document, which begins the corporation’s existence under state law. Once filed, the corporation commences existence. The level of complexity for a corporation’s Articles of Incorporation can range from very simple to extremely complex. Articles of Incorporation contain information that all states need in order to form your corporation. Generally included in the articles are items such as: the name and purpose of the corporation, the names of the initial directors, the name of the Registered Agent, and the number and par value of authorized shares of stock. Requirements vary by state. Bylaws serve as the internal operating document for the corporation. Bylaws are adopted by every corporation, and contain rules about shareholder voting, required meetings, stock, the makeup of the board of directors, and the corporations fiscal year. Generally, most states do not require that Bylaws be filed.
Related Questions
- How can I obtain the Association Documents (Master Deed, Bylaws, Articles of Incorporation and Covenants Conditions and Restrictions)?
- Can a committee make changes to the Bylaws, Articles of Incorporation or make other substantial changes to the organization?
- What is the difference between bylaws and articles of incorporation?
