Non Profit Corporate Bylaws Template - Sample Florida Articles of Incorporation
Hello everybody. Today, I learned all about Non Profit Corporate Bylaws Template - Sample Florida Articles of Incorporation. Which is very helpful in my experience and you. Sample Florida Articles of IncorporationA Florida Articles of Incorporation has the following sections.
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Title
The title starts with ?Articles of Incorporation of? the name of the corporation, and then states the nature of the corporation, whether it is a business or a non-profit organization.
Article One. Name
In this section, the name of the corporation is specified.
Article Two. Statement of Corporate Nature
Section two is where the nature of the club is specified, whether the corporation is a business or a non-profit organization.
Article Three. Purposes
In narrative three, the purpose of the corporation is stated. Was the corporation organized to be a business? What type of business? Is it a charitable non-profit organization? If so, what does it support? All these details need to be specified.
Article Four. Dedication of Assets
This section is a announcement of what assets the club has and what efforts the club is devoted to. If the purpose of the corporation is business, then the assets exist for the profit of the stockholders and for their best interest, but if the corporation is a non-profit organization, then the type of custom this corporation supports should be listed.
Article Five. Membership
Section five states the type of members the corporation accepts. In this section, specifying limitations, such as a member cannot be part of the directors of other organizations, can be written in this section.
Article Six. Location of preliminary Registered Office and Name of preliminary Registered Agent
In this section the address of the address of the preliminary registered office of the corporation and the mailing address of the corporation are stated. These two addresses do not have to be the same. It is in this section that the preliminary registered agent is specified as well.
Article Seven. Directors
Here, the names and addresses of the board members are listed.
Article Eight. Incorporators
This section is where the list of incorporators is specified. The incorporators can be similar to the directors, as specified in narrative Seven.
Article Nine. Supervision of Corporate Affairs
In narrative nine, the guidelines to manage corporate affairs are stated. Guidelines that need to be stated in this section are the whole of directors; how to amend the number; the duration of the terms for each director; and the ready designations available.
Article Ten. Distribution of Assets
The distribution of assets is also a guideline for how the assets are to be distributed in the event that the corporation folds. In a business corporation, once all debts and liabilities have been paid off, the proceeds normally go to stockholders. For a non-profit organization, the assets are donated to charitable institutions or other non-profit organizations.
The narrative ends with the signatures of the preliminary registered agent and the incorporators.
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