Action by Unanimous Written Consent of the Shareholders of (Name of Company)
Overview of this form
This form is a document used for the action by unanimous written consent of shareholders in a corporation. It serves as a formal record for decisions made without a meeting, allowing shareholders to approve important corporate actions collectively. This differs from a typical shareholders' meeting where votes are cast in person. The Action by Unanimous Written Consent is particularly useful for small companies or closely held corporations that need to make timely decisions without the need for formal proceedings.
Key components of this form
- Name of the company and state of incorporation.
- Actions of Incorporator that require shareholder approval.
- Election of corporate officers, including President, Secretary, and Treasurer.
- Adoption of the corporate seal.
- Authorization for issuing stock certificates.
- Authorization for opening the corporate bank account.
- Approval of organizational expenses.
- Direction for the Board of Directors to adopt the actions.
When to use this document
This form should be used when all shareholders wish to collectively agree on corporate actions without convening a formal meeting. Common scenarios include electing officers, ratifying incorporation actions, adopting corporate seals, or addressing organizational expenses. This is particularly relevant for small businesses with few shareholders who can make decisions more efficiently through written consent.
Who can use this document
- Shareholders of a corporation who want to take action without holding a formal meeting.
- Corporate officers who need to document their decisions.
- Small business owners and members of closely held corporations.
- Individuals handling corporate governance matters.
How to complete this form
- Enter the full name of the corporation and specify the state of incorporation.
- Fill in the date of the Organization Statement and the relevant sections of the Business Corporation Law.
- List the names of elected corporate officers in the designated sections.
- Have all shareholders sign and date the document, ensuring their names are printed clearly.
- Complete any necessary authorizations for the corporate bank account and filing with state authorities.
Notarization guidance
This form does not typically require notarization unless specified by local law. Always check your stateâs requirements to ensure compliance and avoid any potential issues with legal validity.
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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.
Typical mistakes to avoid
- Failing to include all shareholders' signatures.
- Not specifying the correct state and applicable laws.
- Omitting necessary details about corporate officers and actions taken.
- Not keeping a copy of the signed consent for corporate records.
Why complete this form online
- Convenient access to legal templates that can be downloaded and filled out anytime.
- Edit the document as needed to suit your specific corporate situation.
- Reliable and concise legal language ensures compliance with state laws.
- Streamlined process for obtaining consensus among shareholders without the hassle of organizing a meeting.
