A crucial first step for any entrepreneur seeking to create a legal entity for their company is incorporation. The Articles of Incorporation, which set forth the fundamental facts about a company, are a crucial document in the incorporation process. This record, which is submitted to the Secretary of State’s office, is crucial to a company’s legal framework.
Although it does not constitute a contract, an article of incorporation outlines the organization’s structure and objectives. The name of the firm, the location of the major office, the number of shares permitted, and the founding directors’ names are all listed in this document. Additionally, it outlines the corporation’s goals and term of existence. The corporation’s legal charter, the Articles of Incorporation, must clearly reflect the aims and objectives of the business.
You must register your business name with the Illinois Secretary of State if you are launching a business in Illinois. To register, you must first check the state’s company name database to see if the name you want is already taken before completing the necessary paperwork and payment. You will be able to put your company name in your articles of incorporation once it has been registered.
The “Name Reservation, Registration, and Renewal System” or NGS procedure enables you to hold a business name in reserving for up to 90 days prior to registering it. This is helpful if you aren’t ready to incorporate your company yet but want to make sure that your preferred name will be available when you are.
You can verify the status of your LLC if you have already filed your articles of incorporation in Illinois by going to the Illinois Secretary of State website. From there, you may check your company’s current status, including whether it is in good standing or has been dissolved, and search for it by name or filing number.
The Articles of Incorporation, which create the legal basis for a business, are a crucial document in the incorporation process. Make sure they appropriately reflect the intents and objectives of the organization. Additionally, company owners in Illinois can reserve a name through the NGS system and must register their business name with the Secretary of State. Last but not least, you can verify the status of your LLC on the website of the Illinois Secretary of State.