What are Articles of Incorporation?
Articles of Incorporation are legal documents that establish a corporation in California. They outline the basic information about the corporation, such as its name, purpose, and structure. Filing these documents with the California Secretary of State is a crucial step in forming a corporation, as it provides the legal framework for the entity's existence.
What information do I need to include in the Articles of Incorporation?
You will need to provide several key pieces of information when filling out the Articles of Incorporation. This includes the corporation's name, the address of its initial registered office, the name and address of the initial agent for service of process, the purpose of the corporation, and the number of shares the corporation is authorized to issue. Ensure that the name is unique and complies with California naming requirements.
How do I file the Articles of Incorporation?
To file the Articles of Incorporation, you can either submit the form online through the California Secretary of State's website or send a paper form by mail. If you choose to file by mail, make sure to include the appropriate filing fee and any required documents. Online filing is often faster and more convenient, allowing for quicker processing times.
What is the filing fee for the Articles of Incorporation?
The filing fee for the Articles of Incorporation varies depending on the type of corporation you are forming. As of October 2023, the fee for a standard corporation is typically around $100. Additional fees may apply for expedited processing or if you need certified copies of the documents. Always check the California Secretary of State's website for the most current fee schedule.
Can I amend the Articles of Incorporation after filing?
Yes, you can amend the Articles of Incorporation after they have been filed. If there are changes to the corporation's name, purpose, or other significant details, you must file an amendment with the California Secretary of State. This process involves submitting a specific form and paying the required fee. Keeping your Articles of Incorporation up to date is important for maintaining compliance with state laws.
What happens if I don’t file Articles of Incorporation?
If you fail to file Articles of Incorporation, your business will not be recognized as a corporation in California. This means you won't have the legal protections that come with incorporation, such as limited liability for owners and shareholders. Additionally, you may face penalties and legal issues if you operate without the proper filings.
Do I need a lawyer to file Articles of Incorporation?
While it is not legally required to hire a lawyer to file Articles of Incorporation, consulting with one can be beneficial. A legal professional can help ensure that all information is accurate and compliant with state laws. They can also provide guidance on other important aspects of starting and running a corporation, such as corporate governance and compliance.
How long does it take for the Articles of Incorporation to be processed?
The processing time for Articles of Incorporation can vary. Typically, it takes about 15 business days for standard processing. However, if you opt for expedited service, you can receive approval in as little as 24 hours. Always check the California Secretary of State's website for the most current processing times and options available.