Articles Of Incorporation Of A Close Corporation {ARTS-CL}

ARTS-CL - ARTICLES OF INCORPORATION OF A CLOSE CORPORATION. Section 158 of the California Corporation Codes allows for the formation of close corporations. This section defines a close corporation as a corporation that does not have more than 35 shareholders, and that number of shares and shareholders of the corporation are specified in the Articles of Incorporation. The main purpose of forming a California close corporation is to give the shareholders of your company more control than they would have with a normal corporation. Filing Fee - $100.00 Certified Copy Fee (Optional) - $5.00 Note: Corporations may have to pay a minimum $800 tax to the California Franchise Tax Board each year. www.FormsWorkflow.com