The individual or individuals who undertake the initial steps to legally form a corporation are referred to as the founder(s). This person or group is responsible for preparing and filing the necessary documents with the relevant governmental authority, typically the Secretary of State, to establish the corporation’s legal existence. For example, this might involve drafting and submitting the articles of incorporation.
The role is crucial as it sets the foundation for the entity’s legal and operational framework. Properly executing these initial steps ensures the business can operate legally and avail itself of the advantages of corporate structure, such as limited liability. Historically, this function has been essential to fostering economic growth by enabling individuals to pool resources and conduct business under a protected legal entity.
