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How to Replace List to the Incorporators' Organizational Meeting

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What is also known as incorporators?

Incorporators are those stockholders or members mentioned in the Articles of Incorporation as originally forming and composing the corporation, and who are signatories thereof.

What is the first meeting of a corporation called?

An Incorporators Organizational Meeting is an initial meeting of the incorporators of a company where the initial resolutions to organize the company are recorded. This occurs after Articles of Incorporation are filed and a certificate of incorporation is received from the Secretary of State.

What is an organizational meeting?

Organizational meetings are held to appoint officers, elect or appoint directors, issue shares in the corporation, approve bylaws, setup minute books, appoint or waive the appointment of auditors, set up bank accounts, etc.

What are incorporators in simple words?

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.

Are incorporators the same as owners?

Typically, incorporators are the actual owners of the business. In such a situation, although they begin as incorporators with very little rights, they become the owners of the corporation once its existence begins.

How do you conduct an organizational meeting?

Corporate Organizational Meeting Agenda Signing of the waiver of notice for the organization meeting. Documentation of all present persons. Accepting the state-approved articles of incorporation. Holding director elections. Adopting corporate bylaws. Holding officer elections. Voting to accept the corporate seal.

Are all stockholders are incorporators?

Incorporators are those stockholders or members mentioned in the Articles of Incorporation as originally forming and composing the corporation, and who are signatories thereof. Each incorporator of a stock corporation must own, or be a subscriber to, at least one (1) share of the capital stock.

What is an example of incorporation?

The company Apple, for example, was incorporated under the full name Apple Inc, while Microsoft is formally incorporated as Microsoft Corporation.

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Replace List to the Incorporators' Organizational Meeting