Articles of Corporations

"The corporation is an organization capable of entering into contracts and carrying out business under its own name, separate from it owners. To become a corporation, state laws generally require that a company must do the following: (1) file articles of incorporation, (2) adopt a set of bylaws, and (3) form a board of directors. The articles of incorporation specify the legal name for the corporation, and its place of business, and the nature of its business. This certificate gives “life” to a corporation in the sense that it represents a contract between the corporation and its owners. This contract authorizes the corporation to issue units of ownership, called shares, and specifies the rights of the owners, the shareholders. "