BizTerm Definition
Organizational Meeting
Full Definition

The initial meeting where the formation of the corporation is completed. At the organizational meeting a number of initial tasks are completed such as: the articles of incorporation are ratified, the initial shares are issued, officers are elected, bylaws approved, and a resolution authorizing the opening of bank accounts is passed. If the initial directors are named in the articles of incorporation, they can hold the organizational meeting. If they are not named, then the organizational meeting is held by the corporation.

IncyourBIZ.com will give you the forms necessary to complete the organizational meeting by ordering the Forms on Disk. To order this, go to Order Form, then choose OTHER PRODUCTS & SERVICES, then Forms on Disk .


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