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Simple English definitions for legal terms

Articles of Incorporation

Read a random definition: Office of Oceanic and Atmospheric Research

A quick definition of Articles of Incorporation:

Articles of Incorporation are the most important rules for a company. They tell us what the company is for, how many parts it is divided into, and how the people in charge are chosen. When a company is made, the Articles of Incorporation must be given to the government. They can be changed later if needed.

A more thorough explanation:

Definition: The Articles of Incorporation is the main legal document that governs a corporation. It is also called the corporate charter. The Articles of Incorporation typically includes the purpose of the corporation, the type and number of shares, and the process of electing a board of directors. This document must be filed with the state when incorporating a business, and can be changed or cancelled as allowed by law and the articles themselves.

For example, if a group of people want to start a new business, they will need to file Articles of Incorporation with the state. The document will outline the purpose of the business, such as selling products or providing services. It will also specify the number and type of shares that can be issued, and how the board of directors will be elected.

Another example is if a corporation wants to change its name or purpose, it will need to amend its Articles of Incorporation. This process involves filing a new document with the state that outlines the changes being made.

These examples illustrate how the Articles of Incorporation is a crucial document for any corporation. It sets out the rules and regulations that the business must follow, and provides a framework for decision-making and governance.

Articles of Impeachment | Articles of Organization

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OvertReconditeSpider
18:20
If that person doesnt have 10k however, could be outta luck
yeah i think it comes down to literally not having 10k to blow
OvertReconditeSpider
18:20
Oof
OvertReconditeSpider
18:20
Skill issue
OvertReconditeSpider
18:21
Jk even if i had it. I wouldnt spend 10k just to get out of a lease to switch schools
MightyUnableSphinx
18:29
@menherachan: You should say that to GULC
MightyUnableSphinx
18:30
I mean fuck it right. Like, maybe they can help somehow. Probably they can't but if the alternative is "i dont go to gulc" who cares
MightyUnableSphinx
18:30
Idk I doubt they can give you 10k cash, lmao, but who knows!
Others will disagree, but max out a credit card if you have to do so.
It's 10K. Not 100K.
OvertReconditeSpider
19:29
10K at 21.51% interest. Lol
19:47
Yeah I would definitely disagree. Without family help when could they realistically pay that off?
20:18
If someone can live below the student budget at GULC loans could cover an extra $10K, but Grad PLUS loans still amount to $2 in repayment for every $1 borrowed on a 10-year plan at current interest rates. Not a choice to make lightly.
OvertReconditeSpider
20:19
^
OvertReconditeSpider
20:19
The rates on the stafford loans are garbage too
manifestmoreadmissions
21:59
yeah its not the worst decision and im sure you could find solutions to any problems it might create but idk if it's like a no-brainer
MightyUnableSphinx
0:11
Apply for new credit card w/ 12 month 0% APR intro offer -> Max out card to 10k to get out of lease -> Go to GULC
MightyUnableSphinx
0:11
You now have 12mths to pay back 10k with no interest
MightyUnableSphinx
0:14
If you have decent credit history/credit score i bet the starting balance will be like 15-25k
MightyUnableSphinx
0:14
im actually cooking right now wtf this advice is so good. do not blow up your plan in life because of a fkn lease agreement
1:39
Excuse me everyone. Sorry. I'm planning to take lsat but I see so many different types of textbooks and categories on the market, which books should I start with for a rookie like me? Thanks a lot!
loophole
for LR
1:42
Sincere thanks, with my respect :)
power score bible for logic games
@Coolperson49494: yeah but i physically cant get 10k in less than a month :(
it would take me like 6 months to get 10k
i agree that gulc is worth it for me, but i just do not have the means of upending all my plans and moving to dc
@MightyUnableSphinx: i cant pay back 10k with no job, and i'm already 5k in debt. i just do not have the means to attend gulc 😭😭
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