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 Organization In Palm Beach
State:
Multi-State
County:
Palm Beach
Control #:
US-0016-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Florida incorporation processing times are typically 5-20 business days.
Florida incorporation processing times are typically 5-20 business days.
In order to form your professional association or professional corporation, you are required to file articles of incorporation. These articles will be filed with the Florida Division of Corporations and can be completed online or by mail.
Corporate Purpose A Professional Association (which is formed under both Chapter 607 and Chapter 621, F.S.) must enter a single specific professional purpose. Example: the practice of law, accounting services, practicing medicine, etc. Non-professional corporations are not required to list a purpose, but may do so.
Now that you know what an S corp is and its requirements, follow these five steps to form your business as an S corp in Florida. Step 1: Choose a Business Name. Step 2: Articles of Incorporation. Step 3: Apply for a Business License. Step 4: Obtain EIN. Step 5: Complete and Submit IRS Form 2553.
Scheduled meetings – Your business should hold at least one annual shareholders' meeting. You can have more than one per year, but one per year is often the required minimum. An annual board of directors meeting is often also held in conjunction with the shareholders' meeting as well.
Annual shareholder meetings are necessary but they can be costly, ill-attended and often do not add value other than their vital purpose under corporate law.
In a corporation, the board of directors has a fiduciary duty to the shareholders, requiring the board to make decisions in the best interest of shareholders.
S Corps have some of the same compliance formalities as typical C corporations and this includes an annual board meeting and shareholder meeting. These meetings must be held once every year but additional meetings can be called for specific issues or urgent decisions.
California law requires ALL California corporations, even those owned by a single shareholder, to hold an annual meeting of the shareholder(s) for the purpose of electing the board of directors.
