An Incorporator is the person or business entity that prepares, files and signs the Articles of Incorporation in order to register a new business with the Secretary of State, or other state agency that is responsible for Corporations.
An Incorporator may be a person or business entitiy (depending on the state). An Incorporator is responsible for setting up the Corporation and filing formation documents with the state.
All states require at least one Incorporator.
Some states have specific minimum age requirements for Incorporators.
This may be specified as the "age of majority".
This is the age at which a person becomes responsible for his or her own actions - the person is not a dependent.
An Incorporator generally has broad powers until the Board of Directors assumes management of the Corporation. Once the Directors take over, the Incorporator generally relinquishes any power to the Board of Directors.
An Incorporator is usually not involved in the day to day business of running the company. An Incorporator resigns for two reasons. First, this immediately grants the founders of the Corporation the authority to act on behalf of the company.
And second, it helps eliminate the chance that the Incorporator will act in a way detrimental to the Corporation.
When you Incorporate online with PCF, we act as the Incorporator and relinquish all power to you immediately when the Incorporation process is completed.