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

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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
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This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor Jones during the Spring '11 term at Southern Nazarene.

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

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