Articles of Incorporation - Washington Social Purpose Corporation - Washington

Articles of Incorporation - Washington Social Purpose Corporation is a legal document that was released by the Washington Secretary of State - a government authority operating within Washington.

FAQ

Q: What is a Social Purpose Corporation in Washington?A: A Social Purpose Corporation is a type of corporation in Washington that has specific social or environmental goals in addition to making profits.

Q: What are the benefits of forming a Social Purpose Corporation in Washington?A: Forming a Social Purpose Corporation allows businesses to pursue their social or environmental goals while still maintaining a profit-oriented structure.

Q: How do I form a Social Purpose Corporation in Washington?A: To form a Social Purpose Corporation in Washington, you need to file Articles of Incorporation with the Washington Secretary of State and include the required language stating the social or environmental purpose.

Q: What is the required language for the Articles of Incorporation of a Social Purpose Corporation in Washington?A: The required language for the Articles of Incorporation of a Social Purpose Corporation in Washington should state the specific social or environmental purpose of the corporation.

Q: Can a Social Purpose Corporation in Washington distribute profits to shareholders?A: Yes, a Social Purpose Corporation in Washington can distribute profits to shareholders, but it also has a legal obligation to consider the social or environmental goals of the corporation.

Q: Do Social Purpose Corporations have any additional reporting requirements in Washington?A: Yes, Social Purpose Corporations in Washington are required to file an annual report with the Secretary of State that includes information about their social or environmental performance.

Q: Can a Social Purpose Corporation convert to a different type of corporation in Washington?A: Yes, a Social Purpose Corporation in Washington can convert to a different type of corporation by amending its Articles of Incorporation and filing the necessary documents with the Secretary of State.