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Pre incorporation agreement document 2026

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The document is a Preincorporation Agreement outlining the terms and conditions for forming a corporation in Maine. It details the responsibilities of the parties involved, including the formation timeline, management structure, capital contributions, stock issuance, and operational guidelines. Additionally, it includes provisions for shareholder agreements, confidentiality agreements, and buy-sell agreements to govern the relationships and transactions among shareholders. The agreement emphasizes mutual consent and compliance with state laws.

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Click ‘Get Form’ to open the pre incorporation agreement document in the editor.
Begin by filling in the date at the top of the document, followed by the names of all parties involved. Ensure that each party's name is clearly printed.
In the section regarding the corporation's name, enter your desired name and ensure it complies with state regulations. If unavailable, have a substitute name ready.
Specify the purpose of your corporation in the designated area. This should reflect your business goals and any additional activities authorized by law.
Complete the sections for initial capital contributions and salaries for engaged persons. Be precise with figures to avoid future discrepancies.
Fill out stock issuance details, including names, number of shares, and consideration for each shareholder.
Review all sections thoroughly for accuracy before saving or exporting your completed document.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who can ratify a pre-incorporation contract?

If no period is specified, the company may ratify it within a reasonable time after its incorporation. Normally, it is the directors of a company after incorporation that would ratify the pre-incorporation contracts.

Who is liable in a pre-incorporation contract?

Promoters are personally liable for pre-incorporation contracts because at the time of the formation of a pre-incorporation contract the corporation was non-existent.

What is a pre-incorporation agreement?

As the name implies, a pre-incorporation agreement is an agreement a contract by and among the various partners and colleagues who will be the owners of the new corporation. These types of agreements can be used for any type of corporate formation such as a limited liability company or corporation.

What is an example of a pre-incorporation?

That is, for example, if the promoters enter into a lease agreement for office space for the future company, promoters will be liable for the obligations listed in the lease until the company is incorporated and approves the lease agreement.

Why use a pre-incorporation contract?

A pre-incorporation agreement can detail how a corporation will operate. It can outline the management structure as well as set the terms for who will exercise control over the company before the initial corporate meeting is held.

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What is a pre-incorporation contract under Cama?

Section 96(1) of CAMA provides as follows: Any contract or other transaction purporting to be entered into by the company or by any person on behalf of the company prior to its formation may be ratified by the company after its formation and thereupon the company shall become bound by and entitled to the benefit