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This is a template for a shareholders' consent statement (S corporation election) that may be used by the shareholders of a corporation to acknowledge their consent to the corporation's election of S Corporation status under the Internal Revenue Code.
The majority-consent procedure would allow the holders of 51 shares to make decisions on behalf of the entire corporation without having to hold a meeting. For example, they could vote to approve a merger or acquisition, elect new board members, or make changes to the corporation's bylaws.
Shareholders at shareholders' meetings and board members at directors' meetings make decisions called corporate resolutions. If all participants understand the subject contents and are completely in agreement, the secretary prepares a Unanimous Written Consent document that expresses the issue and decision in detail.
A shareholder consent is the authorization of shareholders to carry out a specific corporate action. For example, a shareholder consent is used to elect/remove a member of the board of directors, approve a merger, and implement a Stock Incentive Plan (SIP).
If you are a part of a board of directors or group of shareholders and need to record an official action, and everyone agrees with that action or decision, then a Unanimous Consent can cut to the chase without calling for a meeting.