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Articles of association are critical documents to corporate operations, as they may regulate both internal and external affairs. [1] Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada.
A company can always switch from stock to non-stock and vice versa at any time, usually by paying a small fee to change the articles of incorporation, and potentially a stock fee if the corporation changes from non-stock to stock. (Changing from non-profit to for-profit is generally not allowed absent special permission.)
Maryland finally ratified the Articles on February 2, 1781. Congress was informed of Maryland's assent on March 1, and officially proclaimed the Articles of Confederation to be the law of the land. [11] [13] [14] The several states ratified the Articles of Confederation on the following dates: [15]
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
A certificate of incorporation is a legal document/license relating to the formation of a company or corporation. It is a license to form a corporation issued by the state government or, in some jurisdictions, by a non-governmental entity/corporation. [1] Its precise meaning depends upon the legal system in which it is used.
The Chesapeake Ranch Estates (CRE), also known locally as the Ranch Club, is located in Lusby, Maryland, United States, in southern Calvert County.CRE was founded in 1958 and is governed by a homeowners' association, which is officially called the "Property Owner's Association of the Chesapeake Ranch Estates" (POACRE).