Articles of Incorporation (Real Estate) serve as the charter document that legally establishes a corporation's existence and authority to conduct real estate business activities. This document is essential when forming a new real estate corporation in any U.S. state, requiring filing with the Secretary of State's office. It establishes the framework for corporate governance, defines the scope of real estate operations, and provides protection for shareholders while ensuring compliance with state and federal regulations. The document typically includes specific provisions related to real estate holdings, development rights, and property management authorities.
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1. Article I - Name: Official corporate name and any DBA names
2. Article II - Purpose: Primary business purposes and authorized activities
3. Article III - Registered Office and Agent: Official address and registered agent information
4. Article IV - Duration: Period of corporate existence (usually perpetual)
5. Article V - Capital Stock: Share structure and classes of stock
6. Article VI - Board of Directors: Initial directors and board structure
1. Article VII - Preemptive Rights: Shareholders' rights to purchase new stock issues (used when protecting existing shareholders' ownership interests)
2. Article VIII - Limitations of Director Liability: Provisions limiting director personal liability (used when providing additional protection for directors)
3. Article IX - Corporate Powers: Specific powers granted to the corporation (used when needing to specify unique business activities)
1. Schedule A - Initial Shareholders: List of initial shareholders and their holdings
2. Schedule B - Property Schedule: List of initial real estate holdings or planned acquisitions
3. Appendix A - Bylaws: Corporate bylaws governing internal operations
4. Appendix B - Stock Certificate Forms: Ƶ for stock certificates
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