This is a multi-state form covering the subject matter of the title.
Virgin Islands Letter to Shareholders regarding meeting of shareholders
State:
Multi-State
Control #:
US-CC-4-101E
Format:
Word;
Rich Text
Instant download
Description
How to fill out Letter To Shareholders Regarding Meeting Of Shareholders?
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FAQ
Common shareholders are granted six rights: voting power, ownership, the right to transfer ownership, a claim to dividends, the right to inspect corporate documents, and the right to sue for wrongful acts.
Every BVI business company must have at least one director, although the memorandum or articles may provide for a company to have more than one director.
This section is intended to offer protection to the value of members' shareholdings. The deceptively straightforward provision requires members to approve any disposition of more than 50% of a company's assets that is to be made outside the ordinary course of the business.
In lieu of holding a meeting, the Members may vote or otherwise take action by a written instrument signed by Members who hold a number of Voting Units sufficient to permit such action to have been taken at a meeting of the Members.
BVI Companies fail on the three main cornerstones of your offshore strategy. They fail on asset protection, they fail on tax avoidance for most people and they fail on protecting your privacy. There are much better options available. You should exercise extreme caution if somebody is trying to sell you a BVI company.
Any action required or permitted to be taken at any meeting of stockholders may be taken without a meeting if a unanimous consent setting forth the action is given in writing or by electronic transmission by each stockholder entitled to vote on the matter and filed with the minutes of proceedings of the stockholders.
A shareholder is entitled, by written notice to the business company, to inspect the register of members, the register of directors, minutes of shareholder meetings and shareholder written resolutions.
A Directors' Consent in Lieu of Meeting is a written consent for a corporation's specific action without having to arrange a board meeting. If they have previously agreed on passing a particular resolution, then using a written consent is a simple shortcut serving this purpose.
