There are several legal procedures that must be followed when beginning a business, including incorporating your corporation. A certificate of incorporation is among the important records you’ll need to get during this procedure. However, a lot of people frequently mistake this for an existence certificate.
To be clear, a certificate of incorporation is a legal document that attests to the fact that your company has been duly incorporated and has been accorded legal status in the state in which it was registered. It includes crucial information about your firm, such as its name, address, and the names of its executives and directors. A certificate of existence, on the other hand, is a record that attests to the fact that your company is currently operating lawfully and in good standing.
Therefore, despite the fact that these two certificates appear to be similar, they have different uses and are awarded at various points in a business’s life. When a business is originally created, a certificate of incorporation is given; thereafter, a certificate of existence is often required to demonstrate that the business is still legally running. The Secretary of State in the state where your company is based must receive your articles of incorporation before you can apply for a certificate of incorporation. These articles must to contain crucial information about your company, like its name, function, and organizational structure. The Secretary of State’s office or online searches can usually help you locate a copy of your company’s articles of association.
The Secretary of State’s office will charge you $95 to file your articles of organization if you want to create an LLC in Indiana. You must also provide a physical address in Indiana where you can receive service of process if you intend to serve as your own registered agent there.
The price of filing articles of incorporation in Indiana will also vary depending on the kind of business you’re creating and the state’s particular legal requirements. But you should typically budget $100 to $150 for the filing fee, plus any extra costs for expedited processing or any special requests.
In conclusion, despite the fact that they may have similar names, certificates of incorporation and certificates of existence have different functions and are issued at various points in a business’s history. Understanding these characteristics and adhering to your state’s legal requirements for creating and maintaining a legally recognized corporation are crucial if you’re intending to launch a business.
When a Limited Liability Company (LLC) is created, a legal document known as an Article of Organization must be submitted to the Indiana Secretary of State. It provides a summary of the fundamental details about the LLC, including its name, registration agent, intended use, and organizational structure. It resembles a certificate of incorporation or certificate of formation for a company or limited partnership, respectively.