Articles of incorporation typically do not show ownership percentages. Instead, these documents primarily serve as a formal declaration that a corporation exists under the laws of a particular state. They generally include details such as the corporation’s name, purpose, the amount of authorized shares, and the address of its registered office, among other basic information.
Ownership percentages are usually detailed in a different document called the shareholders’ agreement or stock ledger. These documents outline the specifics of stock ownership, including how many shares each shareholder holds, which directly correlates to their percentage of ownership in the company.
To sum it up, while articles of incorporation lay the groundwork for a corporation, they do not include details about who owns what percentage of the company.