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New York Articles of Incorporation Sample

New York Articles of Incorporation Template

This document is prepared in accordance with the New York Business Corporation Law.

Please provide the following information where indicated:

  1. Name of Corporation: _______________________________________
  2. Date of Incorporation: ______________________________________
  3. Duration (perpetual or fixed number of years): _______________
  4. Purpose of Corporation: ______________________________________
  5. Main Office Address:
    • Street: _______________________________________________
    • City: _________________________________________________
    • County: _______________________________________________
    • State: New York
    • ZIP Code: ____________________________________________
  6. Name of Registered Agent: __________________________________
  7. Registered Office Address:
    • Street: _______________________________________________
    • City: _________________________________________________
    • County: _______________________________________________
    • State: New York
    • ZIP Code: ____________________________________________
  8. Incorporator Name(s):
    • 1. _________________________________________________________
    • 2. _________________________________________________________
    • 3. _________________________________________________________

After filling out this template, be sure to review everything carefully. Any inaccuracies can delay the incorporation process.

Once completed, this document must be submitted to the New York Secretary of State along with the required filing fee.

Timely submission is crucial for ensuring your corporation is established without unnecessary complications.

Instructions on Utilizing New York Articles of Incorporation

Once you have the New York Articles of Incorporation form ready, you will need to fill it out carefully. This form is essential for establishing your corporation in New York. After completing the form, you will submit it to the New York Department of State along with the required filing fee.

  1. Obtain the Form: Download the New York Articles of Incorporation form from the New York Department of State website or obtain a physical copy.
  2. Fill in the Corporation Name: Write the name of your corporation. Ensure it meets New York's naming requirements and is not already in use.
  3. Specify the Purpose: Describe the purpose of your corporation. Be clear and concise about what your business will do.
  4. List the County: Indicate the county in New York where your corporation's office will be located.
  5. Provide the Registered Agent: Name the registered agent who will receive legal documents on behalf of the corporation. Include their address.
  6. Incorporators' Information: List the names and addresses of the incorporators. These are the individuals responsible for setting up the corporation.
  7. Sign the Form: Ensure that all incorporators sign the form. Signatures must be original; electronic signatures are not accepted.
  8. Review for Accuracy: Double-check all information for accuracy and completeness. Mistakes can delay processing.
  9. Submit the Form: Send the completed form to the New York Department of State along with the required filing fee. You can submit it by mail or in person.

Misconceptions

When it comes to the New York Articles of Incorporation, several misconceptions can lead to confusion for those looking to establish a business entity. Below is a list of common misunderstandings and clarifications regarding this important document.

  • Misconception 1: The Articles of Incorporation are the same as the bylaws.
  • This is not true. The Articles of Incorporation outline the fundamental details of the corporation, such as its name, purpose, and structure, while the bylaws govern the internal management and operations of the corporation.

  • Misconception 2: Filing the Articles of Incorporation guarantees immediate approval.
  • Approval is not guaranteed upon filing. The New York Department of State reviews the application, and it may take time to process, during which corrections or additional information might be requested.

  • Misconception 3: Only for-profit businesses need to file Articles of Incorporation.
  • This is incorrect. Non-profit organizations also need to file Articles of Incorporation to establish their legal status and obtain tax-exempt status if applicable.

  • Misconception 4: You can file Articles of Incorporation without a registered agent.
  • A registered agent is necessary. This individual or entity is responsible for receiving legal documents on behalf of the corporation, ensuring that important communications are not missed.

  • Misconception 5: The Articles of Incorporation can be filed online only.
  • While online filing is an option, businesses can also submit their Articles of Incorporation via mail. This provides flexibility depending on the preferences of the business owner.

  • Misconception 6: There are no fees associated with filing the Articles of Incorporation.
  • Filing fees do apply. It is important to check the current fee schedule, as costs can vary based on the type of corporation being formed.

  • Misconception 7: Once filed, the Articles of Incorporation cannot be amended.
  • This is false. Amendments can be made to the Articles of Incorporation if changes in the business structure or operations occur. This ensures that the document remains current and accurate.

  • Misconception 8: The Articles of Incorporation are the only requirement for starting a business in New York.
  • In reality, additional steps are often necessary, such as obtaining business licenses, permits, and registering for taxes. The Articles of Incorporation are just one part of the process.

  • Misconception 9: The Articles of Incorporation do not need to be kept on file after submission.
  • It is essential to keep a copy of the filed Articles of Incorporation for your records. This document serves as proof of the corporation's existence and may be required for various legal and financial transactions.

Documents used along the form

When forming a corporation in New York, several additional documents may be required alongside the Articles of Incorporation. Each document serves a specific purpose in the incorporation process and ensures compliance with state regulations.

  • Bylaws: This document outlines the internal rules and procedures for the corporation. It covers topics such as the roles of officers, the process for holding meetings, and how decisions are made.
  • Durable Power of Attorney: This document is essential for allowing appointed individuals to manage financial affairs on behalf of someone who may become incapacitated. For further details, visit Durable Power of Attorney.
  • Certificate of Incorporation: Often used interchangeably with the Articles of Incorporation, this document officially establishes the corporation's existence and includes essential information such as the name, address, and purpose of the business.
  • Initial Board Resolutions: These resolutions are adopted by the initial board of directors to establish the corporation's operational framework. They may include the appointment of officers and the opening of bank accounts.
  • Employer Identification Number (EIN) Application: This application, submitted to the IRS, is necessary for tax purposes. The EIN serves as the corporation's federal tax identification number.
  • Statement of Information: Required by some states, this document provides updated information about the corporation, including its address, officers, and registered agent.
  • Business License: Depending on the nature of the business, a specific license may be required to operate legally within the city or state. This document ensures compliance with local regulations.
  • Shareholder Agreement: This agreement outlines the rights and responsibilities of shareholders. It addresses issues such as the transfer of shares, voting rights, and dividend distribution.
  • Annual Report: This document is filed annually to provide updated information about the corporation's financial status and operations. It is often required to maintain good standing with the state.

These documents play a crucial role in the establishment and ongoing compliance of a corporation in New York. Properly preparing and filing each document helps ensure a smooth incorporation process and adherence to legal requirements.