Can an incorporator be a director?

The incorporator is basically the person in charge of filing and interacting with CIPC. Don't be alarmed, they are not a shareholder or director, and they cannot play any role regards the running of the company.

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Initial Incorporator Action Electing Initial Directors of Corporation

Miami-Dade Florida Initial Incorporator Action Electing Initial Directors of Corporation

Category:

Corporations - Officers and Employees

State:

Multi-State

County:

Miami-Dade

Control #:

US-1340765BG

Format:

Instant download

Description

As the title indicates, this form is a sample of an initial incorporator action electing initial directors of a corporation.

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FAQ

For this reason, the incorporator for a startup is typically the founder who is most willing to handle the paperwork. Some law firms have a paralegal or attorney serve as the incorporator.

A corporation's first directors are either named in its articles of incorporation or elected at the organizational meeting. They serve until the shareholders hold their first meeting and elect their successors. Thereafter, directors serve until the next annual shareholders' meeting.

An incorporator is the individual who organizes the incorporation and arranges for the Articles of Incorporation to be filed with the Secretary of State. The incorporator signs the Articles, verifying the information submitted is true and correct.

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.

A Company Incorporator is responsible for the articles of incorporation, and a Director is a member of the board of directors. One of the most significant differences between these two offices is that an Incorporator's job is done after the company is formed. A Director's job only begins after a company is formed.

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.

The incorporator is basically the person in charge of filing and interacting with CIPC. Don't be alarmed, they are not a shareholder or director, and they cannot play any role regards the running of the company.

Yes. All states allow a single shareholder to create and run a corporation. And all states allow it to have just one director as well. So you can be the sole shareholder, director and officer for your company.

Miami-Dade Florida Initial Incorporator Action Electing Initial Directors of Corporation

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