Free Startup Incorporation Document Outline

I. Company Overview

This section outlines the fundamental details about the startup, including its name, purpose, and the type of entity being formed.

• Business Name: [YOUR COMPANY NAME]

• Business Address: [YOUR COMPANY ADDRESS]

• Type of Corporation: C-Corp (or LLC, S-Corp, etc.)

• Purpose of the Business: The purpose of [YOUR COMPANY NAME] is to innovate and provide technology solutions for small businesses, focusing on cloud computing services and AI integration.

II. Registered Agent

A registered agent is required to receive legal documents on behalf of the company. This section identifies the agent's name and contact details.

• Registered Agent: Etha Lehner

• Registered Agent Address: Cleveland, OH 44101

III. Incorporators

This section lists the individuals or entities that are responsible for initiating the incorporation process. They act as the company’s legal signatories.

• Incorporators:

  1. Dell Stokes, Address: Milwaukee, WI 53202

  2. Carmel Ryan, Address: Baltimore, MD 21201

IV. Stock Information

This section outlines the details about the company’s shares, including the number of shares authorized and any special rights or classes of stock issued.

• Authorized Shares: 1,000,000 shares of common stock

• Stock Classes: Common shares (no preferred shares)

• Par Value: $0.01 per share

V. Board of Directors

This section defines the initial members of the board, who are responsible for overseeing the business’s operations.

• Initial Directors:

  1. Philip Mitchell, Director Address: Indianapolis, IN 46201

  2. Malcolm Raynor, Director Address: Jacksonville, FL 32099

VI. Duration of Corporation

Here, you define the duration for which the company will exist. This section may state that the corporation exists perpetually unless otherwise specified.

• Duration: Perpetual

VII. Indemnification Provisions

This section includes clauses to protect the directors and officers from personal liability for actions taken on behalf of the company, within the limits of the law.

• Indemnification Clause: The corporation shall indemnify its directors, officers, and employees to the fullest extent permitted by law, except in cases of gross negligence or willful misconduct.

VIII. Additional Provisions

Any other provisions that the founders deem necessary can be included here. For example, details about stock issuance or shareholder rights.

• Stock Issuance Restrictions: Shares may not be transferred without the approval of the Board of Directors.

• Additional Rights: In the event of liquidation, all shareholders will receive equal distribution of assets after debts are paid.

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