Articles of Incorporation vs Articles of Organization
Articles of incorporation and articles of organization are similar filings with some key differences:
- Articles of incorporation are for forming a corporation.
- Articles of organization are for limited liability companies (LLCs).
Difference between Articles of Incorporation and Bylaws
- Articles of incorporation establish a corporation’s existence.
- Bylaws detail how a company operates.
Key Points of Articles of Incorporation
- They document the creation of a corporation.
- They outline how tasks are accomplished within the organization.
- They provide tax advantages, the ability to issue stock, raise capital, and shield owners from liability.
- Nonprofits must file articles of incorporation with the state agency.
Articles of Incorporation Defined
- A set of formal documents filed to legally document the creation of a corporation.
- They are filed with a government body.
Additional Information on Articles of Incorporation
- They outline the company’s purpose and initial management responsibilities.
- Must contain company name, address, statutory agent details, initial directors’ names, and purpose of incorporation.
Understanding Articles of Association
- Legally "create" a corporation.
- Filed with the State and become a public document.
Certificate of Incorporation vs Articles of Incorporation
- There is no difference between the two; they refer to the same charter filed with the state agency for creating a corporation.
Conclusion: Articles of Incorporation and Bylaws
- Articles of incorporation establish the corporation.
- Bylaws detail company operations.