The agreement and plan of reorganization is a document which is constructed and filed for the purpose of reconstructing the rules of a company. This is filed with the secretary of state’s office. The document has articles of the company’s incorporation which propounds the purposes for reorganizing the company. These also contain the new rules of managing and organizing the company. This certificate allows the company to initially set up and formally establish the business in a legal manner.
There are certain steps that need to be followed when constructing this agreement. One needs to name the company and then file the relevant form for the certificate. This needs to be done in terms of the state that the company will be reestablished. The purpose of the company needs to be stated along with the nature of the business. There should be the name of directors and other directors of the company. This certificate helps in gaining tax benefits as well.
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