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Articles of Incorporation for a Close Corporation - Maryland
Articles of Incorporation for a Close Corporation is a legal document that was released by the Maryland Department of Assessments and Taxation - a government authority operating within Maryland.
FAQ
Q: What is a Close Corporation?
A: A close corporation is a type of corporation that is designed for a small number of shareholders, often family members or close friends.
Q: What is the purpose of Articles of Incorporation for a Close Corporation?
A: The purpose of Articles of Incorporation is to formally establish a close corporation and outline its basic structure and governance.
Q: What information is required in the Articles of Incorporation for a Close Corporation?
A: The Articles of Incorporation typically require information such as the corporation's name, the names and addresses of the incorporators, and the number and type of shares to be issued.
Q: Do I need a lawyer to draft the Articles of Incorporation?
A: While it is not required to hire a lawyer, it is often recommended to ensure that the Articles of Incorporation comply with state laws and accurately reflect the intentions of the shareholders.
Q: How do I file the Articles of Incorporation for a Close Corporation in Maryland?
A: The Articles of Incorporation must be filed with the Maryland State Department of Assessments and Taxation along with the required filing fee.
Q: What is the cost to file the Articles of Incorporation in Maryland?
A: The filing fee for the Articles of Incorporation in Maryland is $120.
Q: Can I amend the Articles of Incorporation for a Close Corporation?
A: Yes, the Articles of Incorporation can be amended by filing an amendment form with the Maryland State Department of Assessments and Taxation.
Q: What happens after the Articles of Incorporation are filed?
A: Once the Articles of Incorporation are filed and approved, the close corporation is legally established and can begin its operations.
Form Details:
- Released on May 1, 2011;
- The latest edition currently provided by the Maryland Department of Assessments and Taxation;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Maryland Department of Assessments and Taxation.
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