Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of the first stockholder's meeting.
Stockholders Meeting Corporate Form Of Business Organization In Georgia
State:
Multi-State
Control #:
US-0016-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
An LLC is suitable for businesses that prefer flexibility and fewer formalities. The profits and losses pass through to the members' personal tax returns, avoiding double taxation. In contrast, corporations offer a more rigid structure with potential for significant fundraising through stock issuance.
Federal and state-level laws, as well as a company's incorporation documents, require public and private corporations in the U.S. to have boards of directors (BoDs). Although private LLCs do not have the same requirements, some choose to elect a board of directors after incorporating.
A board of directors (BofD) is the governing body of a corporation or other organization, whose members are elected by shareholders (in the case of public companies) to set strategy, oversee management, and protect the interests of shareholders and stakeholders. Every public company must have a board of directors.
(b) If a corporation has no registered agent or the agent cannot with reasonable diligence be served, the corporation may be served by registered or certified mail or statutory overnight delivery, return receipt requested, addressed to the secretary of the corporation at its principal office.
If your business is set up and registered as a Corporation, you're required by law to hold an annual shareholder meeting and to document the meeting with minutes.
Except as provided in Article 9 of this chapter or in a written agreement meeting the requirements of Code Section 14-2-732, each corporation must have a board of directors.
Additionally, every public corporation is legally required to elect a board of directors. Private companies are not under the same obligation ; however, they also tend to elect a board.
If your business is a corporation, then you are required by law to have a board of directors. Depending on your particular corporate structure and your state, one or two directors may be all that's legally required.
