Companies offer the best protection against corporate liability for business owners, or shareholders. This means that there are provisions in the law in such a way that your personal assets are not in danger to satisfy the obligations of the companies, specifically the creditors.
In order to form a LLC, Articles of Organization have to be prepared and filed with the Secretary of State where the business is going to operate. The Articles are the main filing document which begins the LLC’s existence under state law. Once filed, the LLC comes into existence.
Generally, most jurisdictions require Articles of Organization to contain, at a minimum, information about the following:
As with any other type of entity, Articles of Incorporation have to be prepared and filed with the Secretary of State where the entity is going to operate. The Nonprofit’s “Articles of Incorporation” is the main filing document which begins the nonprofit corporation’s existence under state law.
The articles of incorporation declare the desire of a group of people to become a nonprofit corporation. It spells out certain minimum information about the nonprofit that is required by the laws of the state. They are more complex than other for-profit entities.