The forms constitute the bulk of those necessary for the day to day keeping of the corporate formalities in a California corporation. Learn the steps to incorporate your business in California, including filing registration and tax paperwork, drafting corporate documents, and issuing stock.The annual shareholders meeting and the annual board of directors meeting must take place at the time stated in the corporation's bylaws. Upon the formation of a California Corporation, one of the critical steps is to hold an initial meeting of the board of directors. A California corporation provides entrepreneurs with a number of benefits. Learn key steps you must take to form a California corporation. Learn how to establish a corporation in California, offering separate entities, and tax advantages. Discover key steps for starting your business entity. One of the most critical tasks carried out during the initial meeting of the Board of Directors is the approval of the corporate Bylaws. These waivers, consents and approvals shall be filed with the corporate records or made a part of the minutes of the meeting.