Initial Corporate Organizational Meeting and Minutes

General Information

Corporations are required to comply with several statutory formalities and must hold certain meetings, among them an initial organizational meeting of the incorporators or directors. At this meeting, the business participants make certain fundamental decisions that will affect how the corporation will be managed.

Purpose/Necessity

Under Kentucky law, soon after a corporation files its Articles of Organization, it must hold an organizational meeting. At the organizational meeting, a corporation must elect directors if they have not yet been named, appoint officers, adopt bylaws, and carry on any other business brought before the meeting. KRS 271B.2-050(1) and KRS 273.257.

While such basic organizational tasks must be completed by law, they need not be done at a meeting where all participants are physically present. The corporate statutes allow such tasks to be evidenced by written consent, signed by all directors entitled to be present at the meeting. See KRS 271B.8-210 and KRS 273.377. However, to satisfy such requirements, proper notice must be given, all organizational tasks must be discussed and agreed upon, and corporate minutes must be drafted to reflect the business accomplished.

Frequently Asked Questions

Legal Services Offered and Cost

Hold Initial Organizational Meeting at Law Office
Legal fees: $500 flat fee
Filing fees and other costs: none
This includes:

  1. Review of client’s information, answer client questions, and obtain additional information as needed
  2. Official notice of meeting provided to necessary parties
  3. Hold and preside over meeting of incorporators and/or initial directors at Wolfe & Houlehan law office
  4. Drafting of resolutions desired by and applicable to the specific business
  5. Drafting of corporate meeting minutes to serve as proof of fulfillment of the initial corporate meeting requirement

If you are ready to get started, please CLICK HERE to enter basic information using our secure online form.

 

Hold Initial Organizational Meeting by Written Consents
Legal fees: $300 flat fee
Filing fees and other costs: none

This includes:

  1. Review of client’s information, answer client questions, and obtain additional information as needed
  2. Official notice of meeting provided to necessary parties
  3. Explain process of agreement by written consents and such consents from corporate owners and managers
  4. Drafting of resolutions desired by and applicable to the specific business
  5. Drafting of a unanimous written consent to serve as proof of fulfillment of the initial corporate meeting requirement

If you are ready to get started, please CLICK HERE to enter basic information using our secure online form.

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