Minimum Provisions For The Colorado Articles Of Incorporation
If you have ever wanted to start a business in the Rocky Mountain Region of the United States, there is no better place to be than the state of Colorado. In 2003, Colorado was the eighth state in the country earning the largest per capita income, so if you decide to put up a business here, it should be profitable. Just like all the other states in the country, the first thing that you need to do to get your business on the ground is to draft the Colorado Articles of Incorporation. This legal document needs to be filed with the office of the Secretary of State and there are minimum provisions that you need to include in the document. As soon as the Colorado Articles of Incorporation is filed and submitted and you have received the certificate from the office of the Secretary of State, then you can get a good head start with the daily operations of the corporation that you are planning to build.
One of the most basic requirements when writing the Colorado Articles of Incorporation is the name of the corporation. Usually, there is a reservation process just in case the name that you would like to use is already owned by a different corporation. For corporate name section of the Colorado Articles of Incorporation, the terms Corporation, Limited, Incorporated, Company or their corresponding abbreviations should be indicated. This is a common requirement in most states, with the exception of the state of California where such an extension is not needed. For the Colorado Articles of Incorporation, the next item that needs to be included is the street address of the physical location of the corporate office, and the mailing address if it is different from the street address of the corporation.
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Next, in the Colorado Articles of Incorporation, the period by which the corporation will be operating should also be clearly indicated. Usually, the term perpetual is used which means that the company will have continuing operations unless it is dissolved or it stopped operating due to one reason or another. The names and addresses of the incorporators should also be included in the Colorado Articles of Incorporation. Finally, the stock information which indicates the number of shares to be held by each individual should also be indicated. Once all this information is filled out, you can go ahead and submit the Colorado Articles of Incorporation to the office of the Secretary of State in Colorado and officially start the companys operations.
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