{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chapt 3 Q's - 1 Describe the Articles of Incorporation and...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Describe the Articles of Incorporation and the articles of partnership and include where each is filed. Articles of Incorporation- Every State requires a certificate in Incorporation or charter to be filed with the secretary of State. The following is a general idea of the certificate of incorporation- Corporations name, statement of purpose, companies time horizon, names and addresses, place of business, capital stock authorization, capital required at time of incorporation, provisions for preemptive rights, restrictions on shares, and rules which corporation will operate. Articles of a partnership in order- Name of partnership, purpose of business, location, duration, names and addresses, contributions of each partner, agreement on profits and losses, agreement on salaries, procedure for expansion, distribution of assets, sale of the interest, absence or disability of one of the partners, voting right, decision making authority, financial authority, handling tax matters alterations or modifications- this is a
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern