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ARTICLES OF INCORPORATION
for
[CORPORATION NAME]
PandaTip: Select your corporation name carefully because you will use it for a long time. It is well worth your time to do a
little research regarding whether some other company is using the same or a similar name. This can be done by searching
the Secretary of State office website for your state, and also google searches can be helpful. Its easier to work around a
similar name now than after you have printed up your letterhead and business cards. Also, be sure to include “Inc.”,
“Corporation,” “Corp.” or similar wording.
Article I – Name
Article II – Purpose
[ALTERNATIVE 1]
[ALTERNATIVE 2]
PandaTip: Alternative 1 is the commonly used language of “any lawful act or activity” because there is no requirement of
more specificity in the Articles of Incorporation. If you have a limited purpose statement and later decide to do other things,
you will have to incur the time and cost of preparing Amended Articles of Incorporation.
Article III – Duration
PandaTip: This is the address that the Secretary of State will use as a point of contact for advising you of the need to file
annual reports and other important matters.
PandaTip: Having one class of shares in the corporation that are all treated equally for purposes of voting and other
purposes is the most common approach for many small to medium-sized companies. If you think you need more than one
class of shares, that is certainly an option, but that is a more complicated process and you should be using legal counsel to set
it up. Even if you only have one or two shareholders, authorize 10,000, 20,000, or even 100,000 shares so there is room
enough for dividing up portions of the business or later bringing in new shareholders.
PandaTip: A registered agent for service of process in the point of contact within the state where the corporation is
incorporated where someone can serve a summons and complaint (notice of a lawsuit). Make sure the person you list is
reliable and competent to handle this important obligation for the corporation.
Article VII – Board of Directors
The liability of the directors of the corporation for money damages will
be limited to the fullest extent allowed under the laws of the State of
[STATE OF INCORPORATION] and the corporation is permitted to
indemnify the directors for breach of duties to the extent permitted
under State law.
PandaTip: This is common language that protects directors in case someone (often a shareholder) accused them of some
improper action in office. State laws often specify the extent of such liability protection and indemnification; this language
just ensures the maximum legally permissible protection for them.
______________________________
[INCORPORATOR NAME],
Incorporator
PandaTip: The Incorporator does not need to be one of the shareholders or directors.