What key information must be included in the Articles of Incorporation?

Prepare for the Professional Legal Training Course Company Law Exam with flashcards and multiple choice questions. Each question comes with hints and explanations for effective learning. Get ready for your exam!

The Articles of Incorporation serve as the foundational document to formally establish a corporation. Including the corporation's name is critical as it must be unique and distinguishable from other entities registered in the same jurisdiction. The purpose outlines the activities or business objectives the corporation intends to pursue, providing clarity on its operational scope. The duration specifies the length of time the corporation intends to exist, which can be perpetual or for a specified period. Lastly, designating a registered agent is essential, as this individual or entity acts as the official point of contact for service of process and legal correspondence, ensuring that there is a reliable way to receive important documents.

The other choices do not reflect the core requirements for Articles of Incorporation. The number of employees is not pertinent to the establishment of the corporation itself. A list of proposed products is more relevant to business planning and marketing strategies than to the legal formation of the entity. Similarly, a market share analysis pertains to market research and business strategy rather than the legal requirements for incorporation. Therefore, the inclusion of the corporation's name, purpose, duration, and registered agent is fundamental and legally mandated in the Articles of Incorporation.

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