This software has the flexibility to let you quickly create the document you want. It does this by providing many options with appropriate defaults.
If you want to fill in a particular item after you have printed the document, you can enter underscore characters (ie. _____). If you are unsure about the name, make sure you have selected a descriptive name if you use a blank line in the place of a parties' name.
Governing Law
You must select a state to continue.
Corporation Information
The corporation name is required to continue.
Shareholder Information
Enter the number of days notice required. (e.g. 10, 25, etc.)
Enter the percent of outstanding shares present in person or represented by proxy, that will constitute a quorum entitled to take action with respect to a particular matter. (e.g. 60, 75, etc.)
Participating in a meeting by means of phone or video conferencing is the same as being present in person at the meeting.
A voting trust is where Shareholders agree to give their voting shares to a third party (the trustee) who holds the shares and will vote the shares in accordance with a voting trust agreement.
Director Information
Enter the number of Directors your corporation will have.
Enter the number of days notice required to hold a special meeting. If notice is to be delivered by mail or by private carrier then allow time for delivery. (e.g. 6, 10, etc.)
Enter the percent of Directors required to form a quorum. (e.g. 33.34, 50, 75, etc.)
Participating in a meeting by means of phone or video conferencing is the same as being present in person at the meeting. This option is typically allowed for directors.
A director or officer would be disqualified from voting on a specific matter where the Director or Officer is or would be contracting with the Corporation as a vendor or purchaser in that matter. A Director or Officer of the Corporation will not be disqualified as a Director or Officer for the sole reason that the Director or Officer contracts with the Corporation.
The Corporation may elect to lend money to Directors, officers, or employees where the loan could reasonably be expected to benefit the Corporation. For example, the Corporation might loan moving expenses in order to attract new employees.
Cumulative voting is used when Shareholders are electing Directors to the board.
Officer Information
A simple officer structure will have 3 officers: a president, a treasurer and a secretary. One person may hold more than one office. A complex officer structure may have a president, a treasurer, a secretary, a chief executive officer, a chief operating officer, a chief financial officer, and one or more vice presidents. One person may hold more than one office.
An executive vice president is appointed to take over the functions of the president should the president be absent or no longer able to perform his duties. If you do not have an executive vice president this task will be done by a vice president as outlined in the bylaws.