Delaware Articles of Incorporation
Delaware articles of incorporation are filed to create a corporation.
Preparing and filing your articles of incorporation is the first step in starting your business corporation. Approval of this document secures your corporate name and creates the legal entity of the corporation. Only after this approval can the corporation apply for tax IDs, obtain business licenses, sign contracts, and otherwise conduct business.
Incorporating provides many important benefits:
- Limits the liability of directors, officers, and shareholders
- Fulfills statutory requirements to register your business name
- Provides governance and adds credibility
Other Helpful Delaware Facts
As you are preparing to incorporate, keep in mind the following requirements specific to Delaware.
- Number: One or more required.
- Qualifications: Natural person.
- Quorum: Majority of directors, unless bylaws fix a different number. No less than one third.
- As stated in the bylaws. One person may hold multiple offices. One officer is required to be responsible for maintaining corporate records.
- Required: No.
Delaware Annual Shareholder Meeting
- Required: Yes, unless directors are elected by written consent.
- Action by written consent: Allowed if enough shareholders consent to equal the number required to take action by vote.
- Qualifications: N/A
- Stock Certificate: Not required.
- Voting Trusts Allowed: Yes.