articles of incorporation

articles of incorporation definition - finance
This is a document that is filed by a company with the Secretary of State in the state where the company wants to incorporate. The articles include the names of the major shareholders, the officers, and the number of authorized shares, and describe the corporationÂ’s purpose. They also list the registered address for the business. Once the articles are approved by the state, the corporation is issued a charter, or right to do business.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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