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An article of incorporation is basically a certificate or charter that includes the main rules that the management of any particular corporation should follow in order to become an incorporated business. The articles of incorporation are organized or filed with the particular state or the respective regulatory agency in which the corporation is located. Alabama articles of incorporation should be carefully made in order to make a business incorporated in the region of Alabama.
The basic requirements that are essential to be included in the Alabama articles of incorporation include:
1. The name of the Alabama business that needs to be a corporate one. While deciding the name of the corporation, it has to be considered wisely that it is unique and distinct from any other incorporated business in the particular jurisdiction.
2. The words like “limited”, “incorporated” or “corporation” should be used so as to distinguish between the incorporated businesses and the non-incorporated ones.
3. Name of the board of directors.
4. To clearly highlight that whether the corporation is a non-stock corporation or a stock corporation one.
5. Whether the particular corporation will continue its corporation for a limited or permanent time period. Generally as per the law, the corporation has to be continued forever but in some faulty situations, the business can be devoid of being an incorporated one.
6. In some of the cases, it becomes necessary to state the purpose of forming the corporation. While some of the jurisdictions grant a common statement, there are other jurisdictions that require explicit statements. In Alabama, the business does not need to specify the purpose of setting up a corporation.
7. In case the corporation is a non-stock one, it is important to distinguish whether it is a non-profit or a profit non-stock corporation.
One can easily download the set of Alabama articles of incorporation forms from the Internet in order to save their time. After getting the particular articles of incorporation form, it is important to add the necessary details as mentioned above in the documents in order to make your business an incorporated one.
The minimum amount of filing fee in the state of Alabama is $91.00 but one can always compare the prices provided on the internet so to pay the lowest possible amount for the incorporation form. The total number of directors that need to be appointed in an Alabama corporation should be one or more. The minimum age requirement that is demanded for the director of an Alabama corporation is nineteen years but it may vary from state to state. It is also not a prerequisite to list the directors in the Certificate of Incorporation in Alabama.
As far as the stock information is concerned, the average number of shares that an Alabaman corporation can offer is 1000 shares. Rise in the authorized shares number or its par value can affect the filing fees that have to be paid initially. One can get the Alabama Articles of Incorporation and start working with the corporation. Businesses in places like Nevada, Georgia, Virginia, Texas and Wyoming can also be incorporated.
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