Learn more: Understanding Articles of Incorporation and Understanding Corporate Charters.
These are effectively your ‘business bible’, explaining the rules governing how your corporation will operate. Corporate bylaws include clarifications on vital things like stocks, the number of directors, meeting structure and record-keeping.
Although your bylaws don’t need to be filed with the state, they’re an important part of establishing your corporation. Learn more: Small Business Bylaws.
The Shareholders Agreement document clarifies what to do when something happens that causes one of the shareholders to transfer ownership of their shares in the corporation, such as a death. This is an whatsapp data optional document, but advisable to get it done because it protects the shareholders and prevents needless legal issues further down the road.
Learn more: The Basics of a Shareholder Agreement.
Hold First Board of Directors Meeting
Whether your corporation has several directors or just one, an initial Board of Directors meeting is needed to clarify important factors. This includes discussing your bylaws, whether you want to go for the S Corporation tax designation, management processes, and issuing stock.