This article focuses on how to form a stock corporation in Maryland. A corporation is a business entity having legal authority to act as a single person.Maryland law requires all corporations to keep correct and complete minutes of directors meetings, stockholders meetings and certain committee meetings. This guide will help you file formation documents, get tax identification numbers, and set up your company records. If you get invited then you will likely be giving a report to the board on your area of responsibility. Specifically on a key accomplishment. They serve until the shareholders hold their first meeting and elect their successors. Thereafter, directors serve until the next annual shareholders' meeting. Delaware and Maryland each permit "virtualonly" or "hybrid" stockholder meetings, but certain other jurisdictions may not.