- Articles of Incorporation
- The founding document filed with a government authority to legally create a corporation.
- Bylaws
- The internal rules adopted by a corporation governing its management, meetings, and officer roles.
- Certificate of Incorporation
- The government-issued document confirming that a corporation has been legally formed.
- Registered agent
- A person or entity designated to receive official legal and government correspondence on behalf of the corporation.
- Quorum
- The minimum number of directors or shareholders required to be present for a meeting to conduct official business.
- Authorized shares
- The maximum number of shares a corporation is permitted to issue, as specified in the articles of incorporation.
- Operating agreement
- The governance document for an LLC that defines member rights, profit-sharing, and management rules.
- Incorporator
- The person who signs and files the articles of incorporation on behalf of the new entity.
- Par value
- The nominal minimum price assigned to a share of stock in the articles of incorporation.
- Minute book
- A physical or digital record keeping all founding documents, meeting minutes, resolutions, and share certificates for a corporation.
- Board resolution
- A formal written record of a decision made by a corporation's board of directors.
- Dissolution clause
- A provision specifying how the entity's assets and liabilities are handled if the business is wound up and closed.