What are the Articles of Incorporation?
The Articles of Incorporation are a legal document that establishes a corporation in the District of Columbia. This document outlines essential information about the corporation, including its name, purpose, registered agent, and the number of shares it is authorized to issue. Filing this document is a crucial first step in forming a corporation, as it provides the state with the necessary information to recognize the business as a separate legal entity.
Who needs to file Articles of Incorporation?
Any individual or group looking to start a corporation in the District of Columbia must file Articles of Incorporation. This includes for-profit corporations, non-profit organizations, and professional corporations. If you are planning to operate as a corporation, this filing is mandatory to ensure your business is legally recognized and protected under the law.
What information is required in the Articles of Incorporation?
The Articles of Incorporation must include specific details, such as the corporation's name, the purpose of the business, the address of the principal office, the name and address of the registered agent, and the number of shares the corporation is authorized to issue. Additionally, the names and addresses of the incorporators are also required. Providing accurate and complete information is essential to avoid delays in the approval process.
How do I file the Articles of Incorporation?
Filing the Articles of Incorporation can be done online or by submitting a paper form to the Department of Consumer and Regulatory Affairs (DCRA) in the District of Columbia. When filing online, you will need to create an account on the DCRA's website. If you choose to file by mail, ensure that you send the completed form along with the required filing fee. Always keep a copy of the submitted documents for your records.
What is the filing fee for the Articles of Incorporation?
The filing fee for the Articles of Incorporation in the District of Columbia varies depending on the type of corporation you are forming. As of the latest information, the fee for a standard for-profit corporation is typically around $220, while non-profit corporations may have a different fee structure. It's important to check the DCRA's website for the most current fee schedule before submitting your application.
How long does it take for the Articles of Incorporation to be processed?
Processing times for Articles of Incorporation can vary based on the volume of applications received by the DCRA. Generally, you can expect a turnaround time of a few business days to a couple of weeks. If you file online, you may receive confirmation more quickly than if you submit a paper application. For expedited processing, inquire about any available options that may reduce the wait time.
What happens after my Articles of Incorporation are approved?
Once the Articles of Incorporation are approved, the corporation is officially formed. You will receive a certificate of incorporation, which serves as proof of your corporation's existence. After incorporation, it is essential to comply with ongoing requirements, such as obtaining necessary business licenses, filing annual reports, and maintaining good standing with the state. Staying informed about these obligations is crucial for the long-term success of your corporation.