West Virginia Initial Incorporator Action Electing Initial Directors of Corporation
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How to fill out Initial Incorporator Action Electing Initial Directors Of Corporation?
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FAQ
Initial Director means a person who is a Non-Employee Director at the date of requisite approval of this Plan by the shareholders of the Company.
Who Can Serve as an Incorporator? Generally, an incorporator must be 18 years old. The incorporator may be an attorney or other person hired expressly to serve as incorporator. Or, they may be a shareholder, a member of the board of directors, or an officer such as president, treasurer, or secretary.
Step 1: Name Your West Virginia Corporation. Choosing a business name is the first step in starting a corporation.Step 2: Choose a West Virginia Registered Agent.Step 3: Hold an Organizational Meeting.Step 4: File the West Virginia Articles of Incorporation.Step 5: Get an EIN for Your West Virginia Corporation.
Typically, incorporators are the actual owners of the business. In such a situation, although they begin as incorporators with very little rights, they become the owners of the corporation once its existence begins.
An individual who signs the Articles of Incorporation on behalf of an incorporator, which is not a natural person, may not be named as a director or trustee in the same Articles of Incorporation, unless when the said individual is also the owner of at least one (1) share of stock, or is also a member, of the
Incorporator means a person who signed the original articles of incorporation.
Both incorporators and directors play important roles with regards to corporate entities. Typically, the duties of these individuals vary greatly. An incorporator's primary role takes place before a corporate entity is formed, and a director's duties kick in after corporate formation.
The incorporator typically executes a document called an Action of Incorporator (also called an Initial Action by the Sole Incorporator), in which the incorporator adopts bylaws for the corporation, sets the size of the board of directors, and elects the initial board of directors.
An individual who signs the Articles of Incorporation on behalf of an incorporator, which is not a natural person, may not be named as a director or trustee in the same Articles of Incorporation, unless when the said individual is also the owner of at least one (1) share of stock, or is also a member, of the
