Question

You are about to form a corporation. What do you have to do before completing the for Which provisions are boiler plate and therefore, do not require special effort on your part.

Answer 1

Explanation:

Note, the term boilerplate is often used when referring to custom documents that can be reused in drafting similar document contexts without the need to make any major changes to the original document.

One example of such provisions is the articles of incorporation document. This document already has a standard template of what is needed in the form to be filed. It usually includes details about;

• the name of the company,
• the type of corporate structure (eg Partnership, Limited liability company),
• the number of shares authorized,
• and the type of authorized shares, etc.

So basically, anyone wanting to form a corporation would not require special effort to draft this document.