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Rhode Island Pre-Incorporation Kit

Planning on incorporating? Don’t start without our pre-incorporation kit!

This kit provides the necessary tools for determining the details of a corporation’s purpose, structure and type prior to incorporation. Using the included worksheets and checklists, potential business owners will be able to have before them all of the basic data to use in preparing the necessary incorporation paperwork.

In addition, the process of preparing these worksheets and checklists will also help uncover any potential differences of opinion among the persons desiring to form the corporation. Often, conflicts and demands are not known until the actual process of determining the corporate structure begins. Frank discussions regarding the questions of voting rights, number of directors, and other management decisions often will enable potential associates to resolve many of the difficult problems of corporate management in advance, thereby avoiding much bigger problems in the future.

The use of written worksheets will also provide all persons involved with a clear and permanent record of the information. This may provide the principals of the corporation with vital support for later decisions that may be required.

Included in this packet are the following:

· Instructions for completing Pre-Incorporation Worksheet
· Pre-Incorporation Worksheet
· Pre-Incorporation Checklist
· Document Filing Checklist

This Kit is designed specifically for use in Rhode Island.

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Rhode Island Pre-Incorporation Kit

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Rhode Island gent (mandatory) Articles of Merger (mandatory, if applicable) Articles of Dissolution (mandatory, if applicable) Any other required state forms porate Name (if desired) Articles of Incorporation (mandatory) Amendments to Articles of Incorporation (mandatory, if applicable) Annual Corporate Reports (mandatory) Change of Address of Registered Are stock certificates Prepare corporate accounting ledgers Prepare corporate record book (looseleaf binder) Document Filing Checklist ­ Rhode Island ? ? ? ? ? ? ? ? Application for Reservation of Cort of incorporation with an accountant Check state tax, employment, licensing, unemployment, and workers compensation requirements Check insurance requirements Procure corporate seal (if desired) Prepalete Pre-Incorporation Worksheet Check annual fees and filing requirements Prepare Articles of Incorporation If desired, have attorney review Articles of Incorporation prior to filing Review tax impac___ ______________ ______________ ______________ Pre-Incorporation Worksheet 4 Pre-Incorporation Checklist ­ Rhode Island ? ? ? ? ? ? ? ? ? ? ? ? Write state corporation office for information Comp____________ Cash/Property ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ Amount ______________ __________________ Proposed sales of shares of stock: Name ________________________________ ________________________________ ________________________________ ________________________________ _________________________________________________________ Initial authorized number of shares: ________________________________________________ Par value or no-par value: ___________________________________________________________________ Pre-Incorporation Worksheet 3 Corporate Stock Initial total investment: $ _________________________________________________________ Initial indebtedness: $ _______________________ shareholders ______ either ______ either Required quorum for directors meetings: ____________________________________________ Required vote for directors actions (majority/%/unanimous?): __________f Incorporation: Bylaws: Annual directors meeting: Place ______________________________________ Date ____________________ Time _____________ ______ directors ______ directors ______ shareholders _______________________________________________________ Accounting type (cash or accrual?): ________________________________________________ Authority to amend the following corporate documents: Articles o_________________________ Date ________________________ Time ________________ Required vote for shareholders actions (majority/%/unanimous?): _________________________ Fiscal year: __________________essary?_____________________________________________ Corporate Bylaws Required quorum for shareholders meeting: __________________________________________ Annual shareholders meeting: Place _______________ Address ____________________________________ ____________________________________ ____________________________________ ____________________________________ Is qualification in other states nec_______________________ Proposed first officers: President: Vice President: Secretary: Treasurer: Name _________________________ _________________________ _________________________ _________________________________________ Pre-Incorporation Worksheet 2 Corporation's registered agent and office address: _____________________________________ _________________________________________________________ ___________________________________________ ___________________________________________ ___________________________________________ ___________________________________________ _______________________________________________ ______________________________ ______________________________ ______________________________ ______________________________ Address ____________________________________________________________ Corporate Management Proposed number of directors: _____________________________________________________ Proposed first board of directors Name ______________________________ ____ing: _____________________________________________ Proposed bank for corporate bank account: ___________________________________________ Cost of incorporation: _____________________________________________________________ Address ___________________________________________ ___________________________________________ ___________________________________________ Proposed date of first directors meetcorporate business: ___________________________________________ Names and addresses of those who will act as incorporators: Name ______________________________ ______________________________ _____________________________________ Incorporation Matters State of incorporation: Rhode Island Corporate existence (limited or perpetual?): __________________________________________ Proposed date to begin __________________________________________________________ State/local licenses required: ______________________________________________________ Patents/copyrights/trademarks: ________________________________________________________________________ ______________________________________________________________________________ Pre-Incorporation Worksheet 1 Type of Business Purpose of corporation: rship of principal place of business (own or lease?): _______________________________ ______________________________________________________________________________ Other places of business: _____________________________________ Description of principal place of business: ___________________________________________ ______________________________________________________________________________ Owne______________ _________________________ Location of Business Address of principal place of business: ______________________________________________ _____________________________________________________ ________________________ ________________________ ________________________ Phone _________________________ _________________________ _________________________ _________________________ ___________________________ _________________________ _________________________ _________________________ _________________________ Address ________________________ ________________________ ________________________________________________________ ______________________________________________________________________________ Parties Involved in Forming the Corporation Name _________________________ _________ain Street Providence, RI 02903-1335 Proposed Name of the Corporation First choice: ___________________________________________________________________ Alternate choices: ____________________________ructions for Pre-Incorporation Worksheet 4 Pre-Incorporation Worksheet ­ Rhode Island Name/Address of State Corporation Department: Office of the Secretary of State Corporations Division 100 North M listed the names, cash or property, and value of potential sales of shares of stock which may be approved by the board of directors once the corporation is officially authorized to issue stock. Instprice paid per share. The choice of par or no-par value stock may affect the issuance of dividends and should be referred to the corporate accountant. Proposed sales of shares of stock: Here should ben "par" value is not an indication of the actual value of the shares of stock. Shares must be sold for a price at or below par value. If no-par value is assigned, the shares are issued for the actual n the amount of stock issued by the corporation (See above). Par value or no-par value: This refers to an arbitrary indication as to the value of the stock. The designation of stock as having a certaibe listed. For small corporations, this number may be influenced by the incorporation fee structure of the state of incorporation. For example, in Rhode Island, there is a variable license fee based oor the corporation, please list here. Initial authorized number of shares: This figure is required to be listed in the Articles of Incorporation. The number of shares of stock to be authorized should res of stock in the corporation. This is also referred to as "paid-in capital." In Rhode Island, there is no paid-in capital minimum. Initial indebtedness: If there is to be any initial indebtedness ff money or property that will be transferred to the corporation upon its beginning business. This transfer will be in exchange Instructions for Pre-Incorporation Worksheet 3 for the issuance of shars business. This is normally set at a "majority" (over 50 percent), although this figure can be set higher and can be made to be unanimous. Total initial investment: This figure is the total amount o action: Once it is determined that a quorum of directors is present at a meeting, this is the percentage of directors who must vote in the affirmative in order to officially pass any board of directoof directors meeting in order to officially transact any directors business. This is normally set at a "majority" (over 50 percent), although this figure can be set higher. Required vote for directorsing: The date, time, and place of the annual board of directors meeting should be specified. Required quorum for directors meeting: This is the percentage of directors that must be present at a board to amend the Articles of Incorporation. Amendments to Bylaws: The determination of which bodies of the corporation will have the authority to amend the bylaws should be decided. Annual directors meetPlease consult with a competent accounting professional. Amendments to Articles of Incorporation: Under this item should be the determination of which bodies of the corporation will have the authorityhigher and can be made to be unanimous. Fiscal year and accounting type: For accounting purposes, the fiscal year and accounting type (cash or accrual) of the corporation should be chosen in advance. tock in the corporation that must vote in the affirmative in order to officially pass any shareholder business. This is normally set at a "majority" (over 50 percent), although this figure can be set eeting should be specified. Required vote for shareholder action: Once it is determined that a quorum of shareholders is present at a meeting, this is the percentage of ownership of shares of issued shareholder business. This is normally set at a "majority" (over 50 percent), although this figure can be set higher. Annual shareholders meeting: The date, time, and place of the annual shareholders morum for shareholders meeting: This is the percentage of ownership of shares of issued stock in the corporation that must be represented at a shareholders meeting in order to officially transact any sther state is referred to as a "foreign" corporation. If you desire that your corporation qualify for activities in another state, you are advised to consult a competent business attorney. Required quis necessary to "qualify" the corporation in that state. This generally requires obtaining a Certificate of Authority to Transact Business from the other state. In this context, a corporation from anosiness. Instructions for Pre-Incorporation Worksheet 2 Out-of-state qualification: If the corporation desires to actively conduct business in a state other that the main state of incorporation, it roposed first officers: This information is not provided in the Articles of Incorporation and need not be made public. You should list here the persons who are proposed as the first officers of the bu, chairperson of the board of directors, or president of the corporation is selected as the registered agent. Note that in Rhode Island, the registered agent must sign the Articles of Incorporation. Psubpoenas or summonses on behalf of the corporation). The person need not be a shareholder, director, or officer of the corporation. The registered agent need not be a lawyer. Normally, the main ownerll act as the registered agent of the corporation. All states (except New York) require that a specific person be available as the agent of the corporation for the service of process (i.e., to accept ist the names and addresses of the proposed members of the first board of directors. Corporation's registered agent and address: You should list the name and actual street address of the person who wi costs of the incorporation process. Proposed number of directors: Directors may be nonresidents. In Rhode Island, the minimum number of directors one. Proposed first board of directors: You should l at the web address listed above.) This cost should also reflect the cost of obtaining professional assistance (legal or accounting); the cost of procuring the necessary supplies; and any other directincorporation are a filing fee of $230, and a variable license fee based on the a mount of stock issued by the corporation, of a minimum of $100. (Please note that a complete fee schedule is availablele the corporate accounts. Obtain from the bank the necessary bank resolution, which will be signed by the board of directors at the first directors meeting. Cost of incorporation: The state fees for f the board of directors, at which the corporate bylaws will be officially adopted. Proposed bank for corporate bank account: In advance of incorporation, you should determine the bank which will handare and file the Articles of Incorporation. In Rhode Island, the minimum number of incorporators is one. Date of first directors meeting: This will be the date proposed for holding the first meeting ocorporators of your corporation will continue to be legally liable for any business conducted on behalf of the proposed corporation. Incorporators: This should be the person (or persons) who will prepe business: This should be the date on which you expect the corporation to begin its legal existence. Until this date (actually, until the state formally accepts the Articles of Incorporation), the inoration Worksheet 1 Corporate existence: The choices here are perpetual (forever) or limited to a certain length. In virtually all cases, you should choose perpetual. Proposed date to begin corporaty all states have now enacted corporate laws very similar to those in Delaware. In the vast majority of situations, it is preferable to be incorporated in your home state. Instructions for Pre-Incorpcorporate. This was due to the fact that Delaware was the first state to modernize its corporation laws to reflect the realities of present-day corporate business. This is no longer the case. Virtuallte of incorporation: In general, the corporation should be incorporated in the state in which it will conduct business. In the past, the state of Delaware was regarded as the best state in which to innses required for your locality and business type. Patents/copyrights/trademarks: If patents, copyrights, or trademarks will need to be transferred into the corporation, they should be noted here. Stas of businesses will require health department approvals, state board licensing, or other forms of licenses. If necessary, check with a competent local attorney for details regarding the types of lice type of business. Most states require obtaining a tax ID number and a retail, wholesale, or sales tax license. A federal tax ID number must be obtained by all corporations. Additionally, certain typeusiness for which corporations may be organized under the laws of the State of Rhode Island." State/local licenses required: Here you should note any specific requirements for licenses to operate yourorporation: Many states, including Rhode Island, allow the use of an "allpurpose" business purpose clause in describing the main activity of the business; for example, "to conduct any and all lawful b This must be the address of the actual physical location of the main business. It may not be a post office box. If the corporation is home-based, this address should be the home address. Purpose of cing. Parties involved: This listing should provide the names, addresses, and phone numbers of all of the people who are involved in the planning stages of the corporation. Principal place of business:Rhode Island, a corporate name is reservable for 120 days for a $50 fee. The corporate name must include the word Corporation, Incorporated, Company or Limited, or an abbreviation of one of the precedust not conflict with any existing company names, nor must it be deceptively similar to other names. It is often wise to clearly explain the business of the corporation through the choice of name. In so download state forms and fee schedules at http://www2.corps.state.ri.us/corporations/. Corporate name: The selection of a corporate name is often crucial to the success of a corporation. The name mn the State of Rhode Island, as state laws and fees charged for incorporation are subject to change. Having the latest available information will save you time and trouble. Please note that you can alration department: The address is listed on the Worksheet. You should write to this department immediately, requesting all available information on incorporation of a for-profit business corporation iarising in any way out of the use of these materials. An attorney should be consulted for all serious legal matters. Instructions for Pre-Incorporation Worksheet ­ Rhode Island Address of state corpoor services; loss of use, data, or profits; or business interruption) however caused and on any theory of liability, whether in contract, strict liability, or tort (including negligence or otherwise) or publishers of the forms, be responsible or liable for any direct, indirect, incidental, special, exemplary, or consequential damages (including, but not limited to, procurement of substitute goods r any of the materials for your particular needs. The materials are used at your own risk. In no event will: i) FindLegalForms, Inc, its agents, partners, or affiliates, or ii) the providers, authors he "Disclaimers and Terms of Use" found at findlegalforms.com. These materials are provided "AS-IS." We do not give any express or implied warranties of merchantability, suitability or completeness foate.ri.us/. Disclaimer No Attorney-Client relationship is created by use of these materials. FindLegalForms, Inc. does not provide legal advice. The purchase and use of these materials is subject to tNote: Please note that the state specific information provided in this packet may change. To ensure its accuracy, please contact your state's Secretary of State or visit their website at http://www.strequired. Included in this packet are the following: · · · · Instructions for completing Pre-Incorporation Worksheet Pre-Incorporation Worksheet Pre-Incorporation Checklist Document Filing Checklist heet will also provide all persons involved with a clear and permanent record of the information. This may provide the principals of the corporation with vital support for later decisions that may be hts, number of directors, and other management decisions often will enable potential associates to resolve many of the difficult problems of corporate management in advance. The use of a written worksring to form the corporation. Often, conflicts and demands are not known until the actual process of determining the corporate structure begins. Frank discussions regarding the questions of voting rigbasic data to use in preparing the necessary incorporation paperwork. The process of preparing this worksheet will also help uncover any potential differences of opinion among the persons who are desipurpose, structure and type prior to incorporation within the State of Rhode Island. Using the included worksheet and checklists, potential business owners will be able to have before them all of the Information Pre-Incorporation Kit ­ Rhode Island Provided under agreement with copyright holder, © Nova Publishing Company 2004 This kit provides tools for determining the details of a corporation's Rhode Island

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Rhode Island Pre-Incorporation Kit

Product Specifications

Product Rhode Island Pre-Incorporation Kit
Country United States
State Rhode Island
Pages 11
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Sample Available (requires Flash plug-in)
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Pre-Incorporation Kits
Product number #22259
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee
Support Customer support 1-800-959-5899
Online support
Additional Help
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