HiTech Appliance World Corporation Essay
HiTech Appliance World Corporation
Robert W. Brown and John N. Stevens decided to pull their resources to start a trading business in Maryland. As the corporation cannot act as its own resident agent, Kenneth Wyoming, a lawyer was designated as such. The parties agreed to form a stock corporation and named it, HiTech Appliance World Corporation with an authorized capital of $100,000, divided into 100,000 shares at $1 par value. They further agreed that Robert W. Brown shall have 70% controlling interest while John N. Stevens, 30%.
On June 30, 2006, the Articles of Incorporation was filed in the state of Maryland. The form was filled by providing the names and addresses of the incorporators, Robert Brown and John Stevens. The requirement is that they be at least 18 years old. The address should be one where mail can be received, can be anywhere, even a foreign country. Since it is a corporation, the word corporation must be contained in the corporate name. The name must be distinct from all other entities on record in Maryland. Specific purpose or purposes for which the business was formed was also checked therein. In the fourth item, the address of the principal place of
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Finally, the incorporators and designated agent must sign the form, no witness or notary is require
ARTICLES OF INCORPORATION FOR A STOCK CORPORATION
FIRST: The undersigned, ROBERT W. BROWN and JOHN STEVENS_______________________
whose address is 19435 Braes River Dr. Walnut, California, USA, 91789, being at least eighteen years age, do(es) hereby form a corporation under the laws of the State of Maryland.
SECOND: The name of the corporation is
HITECH APPLIANCE WORLD CORPORATION_________________________________________
THIRD: The purposes for which the corporation is formed are as follows:
To engage in the retailing and wholesaling of appliances and to engage in and carry on a general____ mercantile and trading business and to buy or acquire, hold import, export, trade or otherwise dispose
Any kinds of goods, wares and merchandise such as but not limited to general electric or electronic__ materials and appliances and other articles of commerce without limit as to character or amount_____
FOURTH: The street address of the principal office of the corporation in Maryland is
187 West Way Drive, Apt. T10 Greenbelt, Maryland, USA___________________________________
FIFTH: The name of the resident agent of the corporation in Maryland is
KENNETH B. WYOMING____________________________________________________________
whose address is 187 West Way Drive, Apt. T10 Greenbelt, Maryland, USA, 20770______________
SIXTH: The corporation has authority to issue100, 000 shares at $1 par value per share.
SEVENTH: The number of directors of the corporation shall be two (2) which number may be increased or decreased pursuant to the by laws of the corporation. The name(s) of the director(s) who shall act until the first meeting or until their successors are duly chosen and qualified is/are ROBERT W. BROWN__________________________________________________
JOHN N. STEVENS_________________________________________________________________
WITNESS WHEREOF, I have signed these articles I hereby consent to my designation in this document and acknowledge the same to be my act. as resident agent for this corporation.
SIGNATURE(S) OF INCORPORATOR(S): SIGNATURE OF RESIDENT AGENT LISTED IN FIFTH:
(SGD) Robert W. Brown________________ (SGD) Kenneth B. Wyoming_______
(SGD) John N. Stevens________________
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Filing Party’s Name and Return Address:
Kenneth B. Wyoming______________________
187 West Way Drive, Apt. T10 Greenbelt,______
Maryland, USA, 20770_____________________
The National Association of Secretaries of State (NASS). Corporate charter, Business entity
form Retrieved on August 3, 2007 from (http://www.dat.state.md.us/sdatweb/stock.pdf)