Waiver of Notice of Organizational Meeting
The members of a corporation can choose to waive the notice period before an organizational meeting in writing with a Waiver of Notice of Organizational Meeting.
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Frequently Asked Questions
The basic formalities of a company are discussed and determined during an organizational meeting. It typically follows a standard agenda along with any additional points related to the specifics of the company.
The members don’t need to hold the meeting in person but need to sign off on the decisions made during the meeting. Usually, the points discussed include reviewing and accepting the articles of incorporation, electing corporation officers, adopting a banking resolution, and other administrative tasks germane to the corporation’s formation.
No. Organizational meeting minutes, as well as the Waiver of Notice of Organizational Meeting, are internal company documents. They’re introduced into the company’s minute book but don’t need to be filed with any state or federal regulatory body.
Typically, yes. However, the members may choose to introduce a clause into the operating agreement of the corporation that specifically eliminated the requirement of giving notice prior to organizational meetings. Other meeting notices can be similarly removed if all the members agree to it in writing.
In the context of a small to medium-size corporation, the forming members agree to the meeting details. Large corporations typically appoint a steering committee formed by high-level executives who assign the meeting.
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