The Massachusetts Business Corporation Act requires every incorporated business entity to file articles of incorporation. These documents must include the following information:
• Name of the corporation
• Purpose of the corporation
• Names of officers and directors
• Number of shares authorized
• Description of the capital structure
• Address of principal place of business
• Date of formation
• Certificate of Organization
An amendment to the articles of incorporation allows a corporation to change the name or add new directors, but it cannot increase the number of shareholders. To sell additional shares, you must amend the articles again.
A certificate of organization is required to register a business name. This document contains the same information as the articles of incorporation.
Table of Contents
What exactly are the articles of incorporation?
Your Articles of Incorporation document sets out the rules for your corporation. They determine what you can do as a company, how many people you can employ, and whether you can sell products and services. If you want to start a business, it’s important to understand the basics of Articles of Incorporation. Here’s everything you need to know about the process.
Article 2: Name
The first thing you need to decide is what your company will be called. You’ll need to register the name with the state government. This is usually done within 30 days of incorporation.
Article 3: Number of Shares
You need to decide how many shares there will be in your company. A typical company has 10,000 shares, although some companies have fewer or more. Each share represents a fractional ownership interest in the company. For example, a company with 50,000 shares is worth $50 per share.
Article 4: Authorized Shareholders
This article lists the names and addresses of the shareholders. All shareholders must sign the articles of incorporation.
Articles of Organizational Amendments
An amendment to the Articles of Organization requires a restatement of those articles. If there are no amendments to the Articles of Organization required, then it does not require a restatement.
A restatement of the articles of organization is necessary if any changes are needed. For example, if the name of the corporation changed, then a restatement is necessary. However, if the name of a subsidiary did not change, but rather just the parent company changed its name, then the Articles of Organization do not need to be amended.
If the Articles of Organization were originally prepared by a lawyer and subsequently revised by another lawyer, then the original Articles of Organization should be used. This is because the original Articles of Organization were drafted by a lawyer and therefore represent legal advice. Therefore, if the Articles of Organization were amended, then the amended Articles of Organization should be considered legal advice.
The same rules apply to the restatements of the Articles of Organization. If the Articles of Organization were initially prepared by a lawyer and later revised by another lawyer, the initial Articles of Organization should be relied upon.
Certificate of Organization for LLC
The Certificate of Organization for Limited Liability Companies (LLCs) is a document that must be filed with the Secretary of State to form an LLC. The certificate provides information about the company’s name, address, and other details. It also serves as proof that the company has been formed.
How to File your Massachusetts Articles of Incorporation
You can file your articles of incorporation online, by fax, or in person. You must register your company’s name before you incorporate. You can choose between Class “A,” Class “B,” or Class “C” corporations.
Frequently Asked Questions
How to Form a Corporation in Massachusetts
Forming a corporation is not as simple as it may seem. There are many steps involved, and you need to be aware of all the requirements before filing your articles of incorporation with the Secretary of State’s office. This article will help you understand how to form a corporation in Massachusetts.
How long does it take to incorporate in Massachusetts?
The process of incorporating a business is different for every state. Some states require you to file your articles of incorporation with the Secretary of State’s office within 30 days, while others may allow you up to 90 days. The time required will depend on how many people are involved and what type of entity you want to form.
How to find where a company is incorporated
If you want to know how to find out the address of a company, then this article will help. It’s not as easy as it sounds and many things can go wrong when trying to find out the location of a company. This article explains what you need to do in order to get the information you need.
James Rourke is a business and legal writer. He has written extensively on subjects such as contract law, company law, and intellectual property. His work has been featured in publications such as The Times, The Guardian, and Forbes. When he’s not writing, James enjoys spending time with his family and playing golf.