CH08 - Chapter Eight Formation of Corporations F ormation...

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Chapter Eight Formation of Corporations
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Formation of Corporations Things to consider when forming a corporation include: Preincorporation activities by promoters Selection of jurisdiction in which to incorporate The corporate name Articles of incorporation Post-incorporation activities: bylaws, corporate supplies, organizational meetings
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What is a Promoter Promoter Promoter : : One involved in forming a corporation and organizing its structure (also called incorporator)
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The Corporate Name Promoters must select a name for the new legal “person” or entity they are creating Determine if name is available in the state of incorporation Reserve the name for the prospective corporation while articles of incorporation are being prepared Register the name, to reserve it in a foreign jurisdiction Apply for any assumed names
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Elements of Articles of Incorporation Name Address Agent for service of process Purposes Description of stock Incorporators
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CH08 - Chapter Eight Formation of Corporations F ormation...

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