What is an Organizational Meeting?
Once the Articles have been filed, and the business is officially formed, the company should hold an organizational meeting. All directors, officers and shareholders should be attending. At this meeting, those attending lay the foundation of the company’s operation. It’s a synonym for “Incorporation.” It’s the process by which a corporation or LLC becomes officially incorporated.
Typically, the directors of the corporation must hold an organization meeting. The meeting can be called by an incorporator or a director and it is recommended that it be held as soon as possible. Each director must be notified in writing in advance of the date, time and place of the meeting. At this meeting, the directors are typically required to issue at least one share and they can also perform the following: • adopt general By-Laws; • appoint officers; • adopt banking arrangements; • adopt a corporate seal, if necessary; • set the fiscal year; and • approve the form of the share certificate for each class of shares.
After the articles of organization are filed and the business is officially formed, the company should hold the organizational meeting. All the proposed directors, officers, and shareholders should be in attendance. At this meeting, the people in attendance lay the foundation for the company’s operation. The initial corporate matters should be addressed at the meeting, and “minutes” should be taken to record the results.
After the articles of organization are filed and the business is officially formed, the company should hold the organizational meeting. All the Members, and proposed officers should attend. At this meeting, the initial company organizational issues should be addressed, and minutes should be taken to record the results.
(back to top) After the articles of organization are filed and the business is officially formed, the company should hold the organizational meeting. All the proposed directors, officers, and shareholders should be in attendance. At this meeting, the people in attendance lay the foundation for the company’s operation. The initial corporate matters should be addressed at the meeting, and minutes should be taken to record the results.
