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Incorporator Action, Initial

Free Printable Incorporator Action, Initial Form

Free Printable Incorporator Action, Initial Form

This review list is offered to educate you about the document and to aid you in preparing it.

 

 

  1. The Incorporator Action agreement is only utilized following the legal formation of a

corporation. This form is not applicable to any other sort of company except corporations. It is used to transfer ownership of the business from the technical “incorporator” to the Board of   Directors and management who will administer it for the foreseeable future. This is a corporate formality, but one that is critical in bridging gaps between technical incorporation and practical operation of the Company.

 

  1. Verify that the directors mentioned in this document meet the requirements of the state in

where the corporation was constituted. If you live in Delaware, Wyoming, or Nevada, that is a very straightforward process. Other states occasionally require one or more directors to reside there.

 

  1. State corporate rules vary and evolve over time. Before utilizing this paper, get it reviewed by a lawyer.

 

  1. The original of this document should be filed in the company minute book or other location where critical business papers are stored. If you have a lawyer, put one copy in the lawyer’s corporate minute book and retain a second file in your office or home as a backup.

Incorporator Action: Initial Action

The undersigned, ________________, being the sole incorporator of ______________
(“Corporation”), in accordance with laws of the State of __________________, does hereby take the following action:

The undersigned hereby elects the following persons to be directors of the corporation, to serve until the first annual meeting of stockholders or until their successors are elected and qualified:

______________________________________________________________________.

The undersigned hereby waives all right, title and interest in and to any stock or property of the Corporation and any right in the management thereof arising out of or connected with performing duties as incorporator.

_________________________
Incorporator

Dated: ____________________
Incorporator Action: Initial Action
Review List

This review list is provided to inform you about the document in question and assist you in its preparation.
1. The Incorporator Action agreement is used only after a corporation has been legally formed. This form is not used with any type of entity except corporations. It is used to transition the company from the technical “incorporator” to the Board of Directors and management that will run the company for the foreseeable future. This is a corporate formality, but an important one to bridge the gap between technical incorporation and actual management of the Company in question.

2. Be sure that directors named in this document qualify under the law of the state where the corporation was formed. If in Delaware, Wyoming, or Nevada, this is relatively simple. Other states sometimes have residency requirements for one or more directors.

3. Corporate laws vary from state to state and change over time. Before using this document, have a lawyer review it.

4. The original of this document should be filed in the corporate minute book or wherever your important corporate documents are kept. If you have a lawyer, file one copy with the lawyer in the corporate minute book held by him or her and keep a separate file as back up in your office or home.

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