How do I restate my business?
Full Question:
How do I restate my business? I have an existing company since 1973(it's incorporated)in the state of Maryland. I am trying to get my VA contracting license in Virginia. I have taken all the necessary test and filled out the necessary forms. However after doing so they told me the articles of incorporation is not clear enough for them to read and that I have to restate my corporation so the the article of incorporation will be new and more legible.
03/26/2009 |
Category: Corporations |
State: Maryland |
#15768
Answer:
Restate generaly means to rewrite in the case of documents. Links below are provided to samples of articles of incorporation. The following is a VA statute:
§ 13.1-619. Articles of incorporation. —
A. The articles of incorporation shall set forth:
1. A corporate name for the corporation that satisfies the requirements
of § 13.1-630;
2. The number of shares the corporation is authorized to issue;
3. If more than one class or series of shares is authorized, the number
of authorized shares of each class or series and a distinguishing
designation for each class or series; and
4. The address of the corporation's initial registered office
(including both
(i) the post-office address with street and number, if
any, and
(ii) the name of the city or county in which it is located), and
the name of its initial registered agent at that office, and that the
agent is either
(i) an individual who is a resident of Virginia and
either a director of the corporation or a member of the Virginia State
Bar or
(ii) a domestic or foreign stock or nonstock corporation, limited
liability company, or registered limited liability partnership authorized
to transact business in the Commonwealth.
B. The articles of incorporation may set forth:
1. The names and addresses of the individuals who are to serve as the
initial directors;
2. Any provision defining or denying the preemptive right of
shareholders to acquire unissued shares of the corporation;
3. Provisions not inconsistent with law:
a. Stating the purpose or purposes for which the corporation is
organized;
b. Regarding the management of the business and regulation of the
affairs of the corporation;
c. Defining, limiting, and regulating the powers of the corporation,
its directors, and shareholders;
d. Establishing a par value for authorized shares or classes or series
of shares; and
4. Any provision that under this chapter is required or permitted to be
set forth in the bylaws.
C. The articles of incorporation need not set forth any of the
corporate powers enumerated in this chapter.
D. Provisions of the articles of incorporation may be made dependent
upon facts objectively ascertainable outside the articles of incorporation
in accordance with subsection L of § 13.1-604.