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Understanding Articles of Incorporation for Fintech Startups

Lee Cocking
Post by Lee Cocking
April 19, 2023
Understanding Articles of Incorporation for Fintech Startups

Embarking on your fintech startup journey involves many crucial steps, and incorporating your company is a critical aspect of building a solid foundation. Articles of Incorporation, also known as a corporate charter, provide the basis for your company's legal structure, defining its rights, powers, and responsibilities. In this guide, we will discuss the significance of Articles of Incorporation, their essential components, and the role they play in establishing a strong legal framework for your fintech startup.

What are Articles of Incorporation?

Articles of Incorporation, sometimes referred to as a Certificate of Incorporation, are legal documents filed with the Secretary of State or other relevant government agency responsible for business entity filings. These documents detail your business's fundamental information, such as its name, purpose, registered agent, and share structure, creating a legal framework for its operation.

Each state in the U.S. has its own set of rules and requirements for filing Articles of Incorporation. While the process is generally similar across states, it's essential to be familiar with the specific regulations in the state where you plan to incorporate. Here's a brief overview of some key states for fintech startups:

California: In California, you'll need to file the Articles of Incorporation with the California Secretary of State. The state also requires a statement of information to be filed within 90 days of incorporating and annually thereafter.

Illinois: The Illinois Secretary of State oversees the incorporation process in this state. You'll need to submit your Articles of Incorporation along with the required filing fee. Illinois also requires an annual report to be filed each year.

Texas: The Texas Secretary of State manages business incorporations in the state. You'll need to submit your Articles of Incorporation along with the prescribed filing fee. Texas also requires a periodic report to be filed with the state.

New York: In New York, you'll file your Certificate of Incorporation with the Department of State, Division of Corporations. The state also mandates the filing of a Biennial Statement with the Department of State every two years.

Georgia: The Georgia Secretary of State handles the incorporation process in the state. You'll need to file your Articles of Incorporation with the required filing fee. Additionally, Georgia requires an annual report to be filed each year.

Florida: In Florida, you'll file your Articles of Incorporation with the Florida Department of State, Division of Corporations. The state also requires an annual report to be filed each year.

While the Articles of Incorporation form the basis of your corporate structure, it's essential to be aware of other relevant documents, such as corporate bylaws. Corporate bylaws detail the rules and procedures governing your corporation's internal affairs and management. Additionally, it's crucial to understand your jurisdiction's incorporation document requirements and corporation statutes, ensuring compliance with all regulations.

Importance of Articles of Incorporation for Fintech Startups

  • Legal recognition: Filing Articles of Incorporation grants your fintech startup the status of a separate legal entity, bestowing it with the rights and privileges of a corporation.
  • Limited liability protection: Incorporating your business shields its owners from personal liability for the company's debts and obligations.
  • Access to funding: A formal corporate structure facilitates raising capital for your fintech startup, as investors typically prefer investing in incorporated entities. There are many services, like Crowdcube, available to match investors and founders.
  • Tax advantages: Incorporation may offer potential tax benefits, subject to your jurisdiction and the specific corporation tax structure you select.

KYC, KYB, and Articles of Incorporation

Know Your Customer (KYC) is a standard compliance process for verifying the identity of customers and assessing their potential risks. During the KYB (Know Your Business) process, KYC is performed on the business owners to confirm their identity and ensure they meet customer due diligence requirements. Often, the Articles of Incorporation are requested during KYB to validate the legitimacy of the business and ensure compliance with anti-money laundering and other financial regulations.

How Cybrid Supports Your Fintech Startup

CybridAs a leading embedded finance and crypto banking-as-a-service provider, Cybrid is committed to helping fintech startups tackle the complexities of establishing and scaling their businesses. Although Cybrid does not directly manage the incorporation process or the filing of Articles of Incorporation, our all-encompassing platform offers a variety of services and support for fintech businesses, including banking and crypto infrastructure, wrapped in a compliant, embeddable solution. By partnering with Cybrid, you can concentrate on developing innovative financial products while we handle the backend complexities.


Articles of Incorporation are an essential element of building a robust legal foundation for your fintech startup. By understanding their significance and ensuring they include the necessary information, you can create a durable corporate structure that underpins your business's growth and success. With Cybrid's embedded finance platform, fintech startups can confidently navigate the ever-changing financial landscape and concentrate on delivering groundbreaking solutions to their customers.

Lee Cocking
Post by Lee Cocking
April 19, 2023
Lee Cocking, the accomplished Head of Product at Cybrid, is a highly-regarded expert in product management and a driving force in the blockchain industry. With his extensive experience and deep understanding of blockchain technology, Lee provides thought leadership and guidance that shape the development of Cybrid's innovative product offerings. In addition to his wealth of product management knowledge, Lee shares valuable insights on the evolving landscape of blockchain and its potential to revolutionize various industries. His expertise and passion for the technology help to ensure that Cybrid remains at the forefront of the market, delivering cutting-edge solutions that address the unique needs of clients in the ever-changing world of digital assets.