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What are Articles of Incorporation?

The Articles of Incorporation is the document filed setting out the corporate purpose and other important matters such as the approved number of directors, type of shares and share attributes. While samples are readily available, Articles of Incorporation are not cookie cutter and should be tailored to your individual corporate needs.

For example, you may only require common shares on incorporation but your Articles of Incorporation can set out a number of different classes of shares which may be useful for future planning purposes, potential investors, raising capital or bringing in family members to the business. Arriving at the proper share attributes is also important to ensure that you are on side with legislation, future planning and various accounting needs.

The Articles of Incorporation also have the ability to restrict the conduct of the business as well as the ownership and transferability of shares.

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