Free Directors' Organizational Meeting

Free Directors' Organizational Meeting

  1. Answer a few simple questions
  2. Print and download instantly
  3. Takes just 5-10 minutes

Create Your Free
Directors' Organizational Meeting

  1. Answer a few simple questions
  2. Email, download or print instantly
  3. Just takes 5 minutes

Directors' Organizational Meeting

Incorporation State

Incorporation State

Virginia

VABuilt for Virginia
Different states have different rules and regulations. Your Directors' Organizational Meeting will be customized for Virginia.


Why do I need to choose this?Select the state in which the corporation is registered or incorporated. You will be prompted with help messages specific to your incorporation state.


Your Directors' Organizational Meeting

Update Preview
This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.

MINUTES OF THE ORGANIZATIONAL MEETING OF THE SOLE DIRECTOR (the "Director") of __________ (the "Corporation") held at __________, on June 19, 2018, at the hour of __________.

  1. The following Director was present: ____________________
  2. UPON MOTION, ____________________ acted as Chairman of the meeting and as Secretary of the meeting.
  3. The following memorandum was then read and ordered to be inserted into the minutes:

    I, the sole Director of the Corporation, consent to this meeting being held at the above time and place and waive notice of this meeting and the publication of this meeting, and consent to the transaction of such business, as may have come before it, as testified by my signature below:

    _________________________
    ____________________ (Signature)
  4. There being no further business to come before the meeting, the meeting then adjourned.



_________________________
____________________ (Signature)

Directors' Organizational Meeting

Alternate Names:

A Directors' Organizational Meeting is also known as a/an:

  • Board of Directors' Organizational Meeting
  • Corporate Organizational Meeting
  • First Organizational Meeting
  • Initial Directors' Meeting
  • Minutes of Organizational Meeting

What is a Directors' Organizational Meeting?

A Directors' Organizational Meeting occurs after a company's Articles of Incorporation have been filed and the company is officially incorporated.

The purpose of the meeting is to organize the corporation in order to determine how it will run, as well as other housekeeping details regarding shareholders, appointment of officers, and Corporate Bylaws.

What is a director in a corporation?

A director of a corporation is an appointed official who manages the day-to-day affairs in the company.

Their primary objective is to pursue the business objectives of the corporation in good faith and guide it towards profit and success. They are expected to conduct themselves lawfully, meaning they are prohibited from actions that take advantage of their position or that harm the company or shareholders.

Directors are typically elected by the shareholders at the annual meeting of the corporation.

Who is the chairman of the board?

The chairman of the board is one of the members on the board of directors who is elected to a position of leadership. Typically, they are the liaison between the board, the shareholders, and company management.

Often, the chairman of the board acts as the chairman of corporate meetings, managing and ensuring order while they take place. Depending on the structure of the organization, the chairman might also be the chief executive officer (CEO) of the company.

Why is a corporate organizational meeting necessary?

A corporation's organizational meeting is meant to be the initial meeting of the owners of the corporation and management.

Typically, the items on the meeting agenda include:

  • The appointment of corporate officers
  • The acquisition of a minute book to record meeting minutes and actions
  • The approval of Corporate Bylaws
  • The approval of share certificates
  • The appointment of a banking or financial institution
  • The approval of the corporate seal
  • Any other resolutions

An organizational meeting occurs once at the formation of the corporation. After that, shareholders typically hold scheduled annual meetings to review the year and to discuss new business and future plans for the corporation.

Directors (or sometimes shareholders themselves) may also call special meetings of the shareholders to deal with particular issues that arise.

Related Documents:

  • Articles of Incorporation: the documents that need to be filed with the government to form a corporation
  • Corporate Bylaws: the governing rules of a corporation that dictate internal management, corporate meetings, voting details, and duties of officers
  • Directors' Resolution: a document used for the recording of directors' actions or resolutions without an official meeting or to record the minutes of a directors' meeting
  • LLC Operating Agreement: an agreement that outlines the rights and obligations of LLC members and establishes operational details for an LLC

Frequently Asked Questions:

Directors' Organizational Meeting FAQ
Create your free Directors' Organizational Meeting in 5-10 minutes or less
Know any someone organizing a corporation? Pass this document along:
This document preview is formatted to fit your mobile device. The formatting will change when printed or viewed on a desktop computer.
Loading ...
Loading ...

Note: Your initial answers are saved automatically when you preview your document.
This screen can be used to save additional copies of your answers.