Difference Between Articles of Incorporation and Certificate of Formation
The major difference between articles of incorporation and a certificate of formation is where they are filed: articles of incorporation are filed with the state, while the certificate of formation is filed with the county clerk.
Purpose and Contents of Articles of Incorporation
The articles of incorporation or certificate of incorporation outline crucial information about your corporation or LLC. This includes details such as the company’s name, address, statutory agent, initial directors, and purpose of incorporation.
Creating and Amending Business Entities
Filing articles of incorporation is the first step in establishing a corporation or LLC. Amendments to business filings are allowed in every state, albeit with varying processes. Be mindful of the deadlines set by each state for filing amendments.
Classification of Corporations
There are three classifications of a corporation: for-profit corporation, limited liability company, and non-profit corporation.
Forming a Texas Corporation
To officially create a Texas corporation, file a certificate of formation with the Secretary of State. This filing marks the beginning of the corporation’s legal entity. An LLC can also amend its certificate of formation by submitting a certificate of amendment, allowing changes like the entity name or registered agent.