Cscl Cd 502 PDF Details

Embarking on the journey of forming a nonprofit organization in Michigan requires navigating through various legal documents, one of which is the CSCL/CD-502 form, a crucial piece in the puzzle of incorporation. Revised as of September 2021, this document, provided by the Michigan Department of Licensing and Regulatory Affairs, serves as the blueprint for drafting the Articles of Incorporation for domestic nonprofit corporations. Its essence is to lay down the foundation of the corporation, detailing its name, purpose, stock or nonstock basis, asset descriptions, the plan of finance, and the appointment of a resident agent among other specifics. Moreover, it outlines the necessity for incorporators, who are fundamental in bringing the corporation into being, and sets down the filing protocol along with the document's effectiveness upon the date of filing or a later date if so chosen. A procedural guide, this form touches upon the minimum information required for filing, ensuring the document's acceptability in the state's records. Fees and expedited service options are also highlighted, catering to those seeking faster processing times. For individuals or groups venturing into the nonprofit sector, understanding and accurately completing the CSCL/CD-502 form is a vital step towards establishing a successful organization in Michigan.

QuestionAnswer
Form NameCscl Cd 502
Form Length5 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 15 sec
Other namescscl corporations, michigan articles incorporation nonprofit, michigan 502, cscl cd 502

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CSCL/CD-502 (Rev. 09/21)

MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS CORPORATIONS, SECURITIES & COMMERCIAL LICENSING BUREAU

Date Received

 

(FOR BUREAU USE ONLY)

AC1

 

 

 

This document is effective on the date filed, unless a subsequent effective date within 90 days after received date is stated in the document.

Name

Address

City

State

ZIP Code

EFFECTIVE DATE:

Document will be returned to the name and address you enter above.

If left blank, document will be returned to the registered office.

ARTICLES OF INCORPORATION

For use by Domestic Nonprofit Corporations

(Please read information and instructions on the last page)

Pursuant to the provisions of Act 162, Public Acts of 1982, the undersigned corporation executes the following Articles:

ARTICLE I

The name of the corporation is:

ARTICLE II

The purpose or purposes for which the corporation is formed are:

ARTICLE III

1. The corporation is formed upon a

 

basis.

(Stock or Nonstock)

2. If formed on a stock basis, the total number of shares the corporation has authority to issue is

. If the shares are or are to be divided into

classes, the designation of each class, the number of shares in each class, and the relative rights, preferences and limitations of the shares of each class to the extent that the designations, numbers, relative rights, preferences, and limitations have been determined are as follows:

ARTICLE III (cont.)

3.a. If formed on a nonstock basis, the description and value of its real property assets are: (if none, insert "none")

b.The description and value of its personal property assets are: (if none, insert "none")

c.The corporation is to be financed under the following general plan:

d. The corporation is formed on a

 

basis.

 

(Membership or Directorship)

ARTICLE IV

1.The name of the resident agent at the registered office is:

2.The address of its registered office in Michigan is:

 

 

, Michigan

 

(Street Address)

(City)

 

(ZIP Code)

3. The mailing address of the registered office in Michigan if different than above:

 

 

, Michigan

 

(Street Address or PO Box)

(City)

 

(ZIP Code)

ARTICLE V

The name(s) and address(es) of the incorporator(s) is (are) as follows:

Name

Residence or Business Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Use space below for additional Articles or for continuation of previous Articles. Please identify any Article being continued or added. Attach additional pages if needed.

I, (We), the incorporator(s) sign my (our) name(s) this

 

 

 

day of

 

,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preparer's Name

Business Telephone Number (

)

 

 

 

INFORMATION AND INSTRUCTIONS

1.This form may be used to draft your Articles of Incorporation. A document required or permitted to be filed under the act cannot be filed unless it contains the minimum information required by the act. The format provided contains only the minimal information required to make the document fileable and may not meet your needs. This is a legal document and agency staff cannot provide legal advice.

2.Submit one original of this document. Upon filing, the document will be added to the records of the Corporations, Securities & Commercial Licensing Bureau. The original will be returned to your registered office address, unless you enter a different address in the box on the front of this document.

Since this document will be maintained on electronic format, it is important that the filing be legible. Documents with poor black and white contrast, or otherwise illegible, will be rejected.

3.This document is to be used pursuant to the provisions of Act 162, P.A. of 1982, by one or more persons for the purpose of

forming a domestic nonprofit corporation.

4 . Article II - The purpose for which the corporation is formed must be included. It is not sufficient to state that the corporation may engage in any activity within the purpose for which corporations may be formed under the Act.

5.Article III - The corporation must be formed on a stock or nonstock basis. Complete Article III(2) or III(3) as appropriate, but not both. Real property assets are items such as land and buildings. Personal property assets are items such as cash, equipment, fixtures, etc. The dollar value and description must be included. If there is no real and/or personal property, write in "none".

6.A domestic nonprofit corporation may be formed on either a membership or directorship basis. A membership corporation entitles the members to vote in determining corporate action. If formed on a directorship basis, the corporation may have members but they may not vote and corporate action is determined by the Board of Directors.

7.Article IV - A post office box may not be designated as the address of the registered office.

8.Article V - The Act requires one or more incorporators. Educational corporations are required to have at least three (3) incorporators. The address(es) should include a street number and name (or other designation), city and state.

9.This document is effective on the date endorsed "filed" by the Bureau. A later effective date, no more than 90 days after

the date of delivery, may be stated as an additional article.

10.The Articles must be signed in ink by each incorporator listed in Article V. However, if there are 3 or more incorporators,

they may, by resolution adopted at the organizational meeting by a written instrument, designate one of them to sign the Articles of Incorporation on behalf of all of them. In such event, these Articles of Incorporation must be accompanied by a copy of the resolution duly certified by the acting secretary at the organizational meeting and a statement must be placed in the articles incorporating that resolution into them.

11.FEES: Make remittance payable to the State of Michigan. Include corporation name on check or money order.

FILING AND FRANCHISE FEE

$20.00

Veterans: Pursuant to MCL 450.3060(5), if a majority of the initial members of a membership corporation, initial directors of a directorship corporation, or initial shareholders of a stock corporation, as applicable, are, or if applicable the initial members, initial directors, or initial shareholders will be, individuals who served in the armed forces and were separated from that service with an honorable character of service or under honorable conditions (general) character of service, you may contact the Corporations Division regarding a fee waiver.

Submit with check or money order by mail:

Michigan Department of Licensing and Regulatory Affairs Corporations, Securities & Commercial Licensing Bureau Corporations Division

P.O. Box 30054 Lansing, MI 48909

To submit in person:

2407 N Grand River Ave

Lansing, MI 48906

Telephone: (517) 241-6470

Fees may be paid by check, money order, VISA, MasterCard, American Express or Discover when delivered in person to our office.

COFS (Corporations Online Filings System):

This document may be completed and submitted online at www.michigan.gov/corpfileonline. Fees may be paid by VISA, MasterCard, American Express or Discover.

Documents that are endorsed filed are available at www.michigan.gov/corpentitysearch. If the submitted document is not fileable, the notice of refusal to file and document will be available at the Rejected Filings Search website at www.michigan.gov/corprejectedsearch.

LARA is an equal opportunity employer/program. Auxiliary aids, services and other reasonable accommodations are available upon request to individuals with disabilities.

Optional expedited service.

Expedited review and filing, if fileable, is available for all documents for profit corporations, limited liability companies, limited partnerships and nonprofit corporations.

The nonrefundable expedited service fee is in addition to the regular fees applicable to the specific document.

Please complete a separate CSCL/CD-272 form for expedited service for each document submitted in person or by mail.

24-hour service - $50 for formation documents and applications for certificate of authority.

24-hour service - $100 for any document concerning an existing entity.

Same day service

Same day - $100 for formation documents and applications for certificate of authority.

Same day - $200 for any document concerning an existing entity.

Review completed on day of receipt. Document and request for same day expedited service must be received by 1 p.m. EST OR EDT.

Two hour - $500

Review completed within two hours on day of receipt. Document and request for two hour expedited service must be received by 3 p.m. EST OR EDT.

One hour - $1000

Review completed within one hour on day of receipt. Document and request for 1 hour expedited service must be received by 4 p.m. EST OR EDT.

Documents submitted by mail are delivered to a remote location for receipts processing and are then forwarded to the Corporations Division for review. Day of receipt for mailed expedited service requests is the day the Corporations Division receives the request.

Rev. 09/21

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Fill in the next segments to fill out the file:

michigan articles incorporation nonprofit fields to fill out

Fill out the The corporation is formed upon a, Stock or Nonstock, basis, If formed on a stock basis the, classes the designation of each, and If the shares are or are to be area with all the details demanded by the software.

michigan articles incorporation nonprofit The corporation is formed upon a, Stock or Nonstock, basis, If formed on a stock basis the, classes the designation of each, and If the shares are or are to be blanks to fill

The system will demand for extra info with a purpose to effortlessly prepare the segment a If formed on a nonstock basis, b The description and value of its, c The corporation is to be, d The corporation is formed on a, Membership or Directorship, basis, ARTICLE IV, The name of the resident agent at, The address of its registered, Street Address, City, Michigan, and ZIP Code.

michigan articles incorporation nonprofit a If formed on a nonstock basis, b The description and value of its, c The corporation is to be, d The corporation is formed on a, Membership or Directorship, basis, ARTICLE IV, The name of the resident agent at, The address of its registered, Street Address, City, Michigan, and ZIP Code fields to fill

The The mailing address of the, Street Address or PO Box, City, Michigan, ZIP Code, ARTICLE V, The names and addresses of the, Name, and Residence or Business Address field has to be used to list the rights or obligations of each party.

part 4 to filling out michigan articles incorporation nonprofit

End by taking a look at the following sections and preparing them as needed: .

michigan articles incorporation nonprofit  fields to fill out

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Step 4: To avoid any specific risks down the road, you will need to make as much as two or three duplicates of the document.

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