Checklist for Proper Formation of a Corporation
Simply filing articles of incorporation at the Minnesota Secretary of State's office does not result in the proper formation of a corporation. The primary considerations for the proper formation of the corporation, even a corporation owned by a sole shareholder, are as follows: ___ My corporation has filed Articles of Incorporation with the Minnesota Secretary of State. ___ My corporation has completed the written action of the incorporator(s), subscription agreement letter of investment intent, first meeting of the board of directors, first meeting of shareholders, bylaws, and issued stock certificates. ___ My corporation has up-to-date minutes that have been approved by...
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