Delete Value Choice to the Incorporators' Organizational Meeting

Aug 6th, 2022
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How to Delete Value Choice to the Incorporators' Organizational Meeting

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welcome students to this video series on incorporation business associations begins with the meaning of business but businesses themselves begin with the incorporation process which is what were going to talk about in the next series of videos about how to actually start a new business venture in the form of a corporation in this video series were going to cover three topics involving incorporation the first being incorporating a delaware corporation and some of the decisions involved in whether or not to incorporate in delaware or elsewhere and then the process of how to go through that two defining corporate powers theres a doctrine called the ultravirus doctrine which states that if a corporation acts outside of its corporate powers that action is unlawful were going to try to avoid that and third speaking of lawful activity as lawyers we need to think about legal ethics legal ethics come into play and incorporation in some unusual ways because were representing a situation not

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An incorporator is the individual who organizes the incorporation and arranges for the Articles of Incorporation to be filed with the Secretary of State. The incorporator signs the Articles, verifying the information submitted is true and correct.
Removal of Directors. At a meeting of shareholders called expressly for that purpose, any director or the entire Board of Directors may be removed, with or without cause, by a vote of the holders of a majority of the shares then entitled to vote at an election of directors.
How are directors selected? The shareholders should hold elections for appointing directors at shareholders meetings. The initial directors are selected before the Articles of Incorporation are filed, and then future elections are usually held at an annual shareholders meeting.
A resolution is a decision approved by the incorporators, shareholders, or management of a corporation. Resolutions can be made during a board meeting, or they can be made by an agreement without a meeting (as long as a written consent to action is obtained from the shareholders or directors involved).

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