What do the terms “articles,” “meeting” “bylaws” and “minutes” mean?
Articles of Incorporation The Articles of Incorporation is the primary legal document of a corporation; it serves as a corporations constitution. The articles are filed with the proper state government to begin corporate existence. The articles contain basic information on the corporation as required by state law. Organization Meeting The organizational meeting completes the formation of the corporation. At the organizational meeting, a number of initial tasks are completed such as: the Articles of Incorporation are ratified; the initial shares are issued; officers are elected; bylaws are approved; and a resolution authorizing the opening of bank account is passed. If the initial directors are named in the Articles of Incorporation, they can hold the organizational meeting. If they are not named, then the organizational meeting is held by the incorporator. Bylaws Bylaws are rules and regulations adopted by a corporation for its internal governance. They usually contain provisions relat
Articles of Incorporation The Articles of Incorporation is the primary legal document of a corporation; it serves as a corporation’s constitution. The articles are filed with the proper state government to begin corporate existence. The articles contain basic information on the corporation as required by state law. Organization Meeting The organizational meeting completes the formation of the corporation. At the organizational meeting, a number of initial tasks are completed such as: the Articles of Incorporation are ratified; the initial shares are issued; officers are elected; bylaws are approved; and a resolution authorizing the opening of bank account is passed. If the initial directors are named in the Articles of Incorporation, they can hold the organizational meeting. If they are not named, then the organizational meeting is held by the incorporator. Bylaws Bylaws are rules and regulations adopted by a corporation for its internal governance. They usually contain provisions rela
