Name and Purposes Clause Samples

The "Name and Purposes" clause formally identifies the legal name of the organization and outlines its primary objectives or activities. Typically, this clause appears at the beginning of governing documents such as articles of incorporation or bylaws, specifying both the official designation of the entity and a summary of its intended functions, such as charitable, educational, or business purposes. Its core function is to establish the organization's identity and clarify its mission, ensuring legal recognition and guiding future actions in alignment with its stated goals.
Name and Purposes. (a) The name of the LLC is . (b) The purposes for which the LLC is organized are to research and identify promising businesses to acquire, to acquire such business (an “Acquisition”) and to carry on any lawful business, trade or activity permitted by the Act.
Name and Purposes