Tatia D. Barnes, Esq.
  • Home
  • Probate
  • Estate Administration
    • Heirship Affidavit Samples
  • Estate Administration List For Clients
  • Executor-Administrator Litigation
  • Contact
  • About
  • Fees
  • Disclaimer
  • Client's Rights
  • Helpful Estate Terms
  • Resources
  • Philosophy
  • Blog

Tatia D. Barnes, Esq.

Serving Your Probate, Administration and Estate Litigation Needs

"I've incorporated my New York business... now what?"

1/1/2012

0 Comments

 

New York Business Corporation Law § 404(a) requires that an initial meeting of the incorporators (shareholders) be held to adopt the by-law, elect directors and to transact any other business.  A shareholder must "call" the meeting, giving at least five (5) days notice of the meeting by mail to the other shareholders, providing the time and place of the meeting.  A quorum (as defined by the statute) must be present for the meeting to be held.  If you opt not to have an attorney present at the meeting, a quick review of Robert's Rules of Order is a good idea (http://www.robertsrules.org).  

Additionally, New York Business Corporation Law § 624(a) requires a corporation to keep minutes of shareholder meetings in written form or "in any  other  form  capable  of  being  converted  into written form within a reasonable time."  Again, if you opt not to have an attorney assist you with keeping your corporate books, there are resources that provide general template and boilerplate samples/formats of shareholder meeting minutes, tempting you to merely summarize the meeting.   
A better approach may be to do a bit of research, review the by-laws (to avoid inconsistencies), and consult an attorney before the final version of the minutes are done.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

TATIA D. BARNES, ESQ.
48 Wall Street, 11th Floor
New York, New York 10005
​(212) 537-4069
Attorney Advertising.  2010 - 2022  All Rights Reserved
  • Home
  • Probate
  • Estate Administration
    • Heirship Affidavit Samples
  • Estate Administration List For Clients
  • Executor-Administrator Litigation
  • Contact
  • About
  • Fees
  • Disclaimer
  • Client's Rights
  • Helpful Estate Terms
  • Resources
  • Philosophy
  • Blog