A Tennessee Consent to Action by the Incorporates of Corporation in Lieu of the Organizational Meeting is a legal document that allows the incorporates of a corporation to take actions without the need for an official organizational meeting. This consent serves as an alternative to holding a meeting and provides a way for the incorporates to make important decisions and establish initial governance of the corporation. In Tennessee, there are several types of Consents to Action by the Incorporates of Corporation in Lieu of the Organizational Meeting, which may vary depending on the specific purpose or action being taken. Some common types include: 1. Consent to Adopt Articles of Incorporation: This type of consent is used when the incorporates approve and adopt the Articles of Incorporation, which outline the basic structure and purpose of the corporation. 2. Consent to Elect Directors: In this case, the incorporates use the consent to appoint the initial board of directors who will be responsible for managing the corporation's affairs. 3. Consent to Appoint Officers: This type of consent is used to appoint the initial officers of the corporation, such as the president, vice president, secretary, and treasurer. These officers will handle the day-to-day operations of the corporation. 4. Consent to Adopt Bylaws: Bylaws are the internal rules and regulations that govern the corporation's operations. This consent allows the incorporates to adopt the corporation's initial bylaws. 5. Consent to Open Bank Accounts: Incorporates may use this consent when they need to authorize the corporation to open bank accounts or establish financial arrangements. 6. Consent to Engage Legal Counsel or Other Professionals: If the incorporates need to hire legal counsel, accountants, or other professionals, they can use this consent to authorize the engagement of such services. In summary, a Tennessee Consent to Action by the Incorporates of Corporation in Lieu of the Organizational Meeting is a versatile legal document that allows the incorporates to take various actions necessary for the initial establishment of a corporation. These actions can include adopting articles of incorporation, electing directors and officers, adopting bylaws, opening bank accounts, and engaging legal or professional services.