Colorado Corporation Definition
Colorado Corporation
DEFINITION
A Colorado corporation is a legal entity that exists separately from the people who create it. The corporation is owned by its shareholders and run by a board of directors elected by the shareholders. In a large corporation, the directors hire corporate officers to manage the day-to-day operations of the business. In a small corporation, the directors and the corporate officers are usually the same individual(s). Corporations are created by filing "Articles of Incorporation" with the Secretary of State and by adopting bylaws.
There are certain formalities a corporation must adhere to, including:
- Procedures for annual shareholder meetings
- The election of the board of directors
- Maintenance of corporate records
- Adoption of bylaws
- Complete separation of personal and business finances
- Proper filings with the Secretary of State
#incsmart
(5)
$174.00
Free Shipping
(10)
$75.00
Free Shipping
(6)
$125.00
Free Shipping
(6)
$100.00
Free Shipping
(4)
$40.00
Free Shipping
