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Maryland Corporations
Maryland For Profit Corporation
For Profit Corporation Name
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The corporate name must contain "Corporation", "Incorporated", "Limited",
"Inc.", "Corp.", or "Ltd." The name must be distinguishable from all other
entities on record in Maryland. You may call 767-1330 for a non-binding
check for name availability. Acceptance of a name guarantees only that
the corporation will have that name. It does not mean you cannot be
sued for trade name or trade mark infringement. For more information
on this consult your attorney.
This type of corporation would be most appropriate for two or more
individuals engaged in an enterprise with the intention of making a profit.
The guide is to be used with the Articles of Incorporation for a STOCK
Corporation. Each item describes how to fill a blank in the sample.
The sample is the minimum necessary to incorporate. If you wish to expand
on any item consult with your lawyer, accountant or financial advisor.
Legal questions of a general nature cannot be answered by the staff of
this Department. You may fill in the blanks on the sample and submit it
as your Articles of Incorporation. All items must be typed. Forms filled
in by hand will not be accepted.
- Articles of Incorporation containing
the following information
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Insert the name and address of the individuals who are incorporating. One or more
individuals can act as incorporators. The only requirement is that they be at
least 18 years old. The address should be one where mail can be received. It
can be anywhere, even a foreign country.
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Insert the corporate name. The corporate name must contain "Corporation",
"Incorporated", "Limited", "Inc.", "Corp.", or "Ltd." The name must be
distinguishable from all other entities on record in Maryland. You may call
767-1330 for a non-binding check for name availability. Acceptance of a name
guarantees only that the corporation will have that name. It does not mean you
cannot be sued for trade name or trade mark infringement. For more information on
this consult your attorney.
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Give a one or two sentence description of the business of the corporation.
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Insert the address of the principal place of business. It must be a specific
address in Maryland and must include street, city and zip code. It cannot be
a post office box.
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This is the name and address of an agent designated to accept service of
process if the corporation is summoned to court for any reason. The agent
must be either an adult citizen of Maryland or another existing Maryland
corporation. The address must include the street, city and zip code.
The address must be in Maryland and cannot be a post office box.
A corporation cannot act as its own resident agent. That person must
also sign below.
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Insert the number of shares of stock the corporation will have the authority
to issue as well as the par value of each share. If the aggregate par value
(number of shares multiplied by the par value) exceeds $100,000, or if over
5,000 shares of stock without par value is used, the filing fee will increase
beyond $40.00 minimum. If stock without par value is used insert "$0" as the
par value per share. Stock is the means by which ownership of the corporation
is divided and assigned. Generally, the owner of 20% of the outstanding stock
of the corporation "owns" 20% of the corporation and exercises 20% control.
Additionally, stock is required to take advantage of certain tax options.
Questions about stock should be directed to your attorney, accountant or
financial advisor
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Insert the number of directors and the names of those adult individuals who will
be directors. These individuals do not have to be residents of Maryland.
- Filling Fees
Maryland Incorporation homepage
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