If your client wishes to conduct business in Alabama through a corporation, or a corporation that wishes to conduct business in Alabama, there are a few specific steps you will need to take. First, you’ll need to prepare a Certificate of Formation for your client’s new business and pay filing fees to the Office of the Judge of Probate in the county where the corporation’s initial registered office is located.
The Alabama Certificate of Formation must include:
- The complete corporate name. An Alabama business cannot share the same name as another business. The name of the corporation must include the separate word “incorporated,” “corporation,” or an abbreviation of one of those words. We can run a quick and accurate business name availability check before you start filling out any paperwork and file the Name Reservation Certificate with the Office of the Secretary of State.
- Street and mailing address of the principal office (if different from the street). No P.O. Boxes may be used.
- Business purpose. The corporation must exist for some lawful purpose. Include a short statement describing the type of business your client will conduct.
- Information about stock shares. Determine the number of shares the corporation is authorized to issue as well as the “par value” (stated value). The par value is optional information and does not need to be completed.
- Registered Agent’s information. The name, Alabama street address, and contact information of the Registered Agent. Talk to us about our Registered Agent services today.
- Incorporator’s information. The incorporator is the person or persons who form the corporation. This person does not need to be a director, shareholder, or officer. The incorporator files the Certificate of Formation.
- Director’s information. The Director’s name and street address. The Certificate provides a release from liability for the Directors except there is liability in certain circumstances, such as for the amount of financial benefit received by a director to which he or she is not entitled; an intentional infliction of harm on the corporation or shareholders; a director who votes for an unlawful distribution; violation of criminal law; or a breach of the director’s duty of loyalty to the corporation or its shareholders.
For more information on filing fees or the filing process, contact one of our experienced business formation specialists today. Attorneys Corporation Service, Inc. can quickly and accurately draft n’ file your client’s required paperwork and create a customized corporate kit at the same time. Check us out online to learn more about our corporate kits and binders.