I am planning on starting a new business and I hear alot of talk about Certificate of Incorporation and Articles of Organization, but I’m not quite sure what they are. Can you give me a better understanding about what they are exactly?
Confused in NY
Congratulations on your new business venture! While both these terms sound confusing, they are essentially very similar.
The Certificate of Incorporation refers to the formation documents of a new Corporation. In the state of New York, the Certificate of Incorporation includes the name of the corporation, the business purpose, the county which the business was formed, the total number of shares, the process address, the formation date and length of existence, and is signed by the incorporators.
The Articles of Organization refers to the formation documents of a new Limited Liability Company. In the state of New York, the Articles of Organization includes the name of the LLC, the county in which the LLC is formed in, the process address, the management structure of the LLC, the formation date and length of existance, and is signed by the organizers.
Depending on which type of entity you would like to form, (Corporation or Limited Liability Company), will determine which set of documents you will receive. We recommend you discuss with an attorney, accountant or tax professional to help you decide which type of entity is best suited for you. Best of luck with your business!
Have a question you need assistance with? Click HERE to contact us and submit your question. Or call us today at 1-800-443-8177