New York Pre-Incorporation Agreement, Shareholders Agreement and Confidentiality Agreement
What is this form?
The New York Pre-Incorporation Agreement, Shareholders Agreement, and Confidentiality Agreement is a comprehensive package designed for individuals planning to form a corporation in New York. This set of legal documents outlines the initial agreements regarding the operation of the corporation, the election and roles of officers and directors, and the processes for share transactions among shareholders. It ensures that all founders are aligned on key issues before the formal incorporation process begins. Unlike standalone agreements, this package combines several critical elements to streamline the formation and governance of a corporation.
Main sections of this form
- Pre-Incorporation Agreement detailing corporate operations and management.
- Shareholders Agreement covering the sale and purchase of shares among shareholders.
- Confidentiality Agreement to protect sensitive corporate information.
- Procedures for electing directors and officers.
- Provisions for financial contributions and salary assignments.
- Restrictions on the sale of stock to maintain control among existing shareholders.
When this form is needed
This form package is essential in various situations, such as when a group of individuals is forming a corporation and needs to establish governance policies beforehand. It is particularly useful when there are multiple founders who need to agree on management roles, share ownership, and confidentiality agreements prior to the formal incorporation. Additionally, it is crucial in scenarios where shareholders may sell their stakes and where confidentiality regarding corporate information is a concern.
Who this form is for
This form package is intended for:
- Individuals or groups planning to form a corporation in New York.
- Founders or promoters of a corporation who wish to outline their operational and management expectations.
- Shareholders concerned about the terms under which their shares may be sold or transferred.
- Parties interested in protecting confidential corporate information prior to incorporation.
How to complete this form
- Identify the parties involved and provide their personal details.
- Specify the proposed name of the corporation and verify its availability.
- Outline the initial capital contributions from each shareholder and indicate the roles of directors.
- Fill out the number of shares to be issued and the consideration for each share.
- Obtain signatures from all parties to execute the agreements.
Notarization requirements for this form
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to secure agreement from all founders on the corporate structure before incorporation.
- Not specifying the procedures for the sale of shares, leading to potential disputes later.
- Neglecting to include confidentiality provisions, putting sensitive information at risk.
- Leaving blank fields when detailing capital contributions or share allocations.
Benefits of completing this form online
- Convenient access to essential legal documents without needing to visit a lawyer.
- Editable templates allow customization to fit specific business needs.
- Reliable, attorney-drafted forms minimize the risk of legal issues later.
- Instant downloads enable quick initiation of the incorporation process.
