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I.
FORMING A CORPORATION.
a) A
corporation is formed by composing and preparing a
charter for the corporation. This charter must be
registered with the Secretary of State of Tennessee
and recorded in the Register's Office of the County
in which the corporation is formed. By Laws must be
composed and organizational meetings
held.
b) At the organizational
meetings, the By Laws must be approved and stock is issued. Officers
of the corporation are appointed and a Board of Directors is elected
by the stockholders. Officers include a President, Vice President,
Treasurer, and Secretary. The corporation is then set up to work.
Call
901-757-5557 for a fee appointment to discuss your situation.
II. CORPORATE RECORD
KEEPING
Records
of corporate meetings are kept by keeping Minutes
of the meetings. These minutes contain Resolutions
which form the basis of the operation of the
corporate business.
III. CORPORATE MEETINGS
There
are two (2) meetings annually which must be
held.
An
Annual Meeting of Shareholders and an Annual
Meeting of the Board of Directors must be
held.
Other
meetings can be scheduled, including Special
Meetings of the Shareholders and Special Meetings
of the Board of directors.
IV. HOW THE COHN LAW FIRM GETS
PAID
There
is a flat fee for setting up a simple corporation.
Additionally, expenses such as recording fees and
corporate supplies must be paid.
If the
corporation is complex, then work will be done on
an hourly basis.
For corporate record
keeping, and for representation at meetings, either an hourly fee
basis can be utilized, or a monthly retainer agreement can be used.
The monthly retainer agreement is tailored to the needs of the corporation
and includes the right to obtain advice from the lawyer monthly.
Generally, the right is limited and when exceeded, an hourly fee
is additionally imposed on a monthly basis.
Call
901-757-5557 for a free appointment to discuss your situation.
WILLIAM A. COHN
Member:
American Bar Association
Member:
Commercial Law League of America
University of Tennessee, J.D., 1977
University
of Tennessee Legal Clinic: 1976-77
Admitted to practice in the following
Courts:
United
States District Court for the:
Western
District of Tennessee
Middle
District of Tennessee
Eastern
District of Arkansas
Northern
District of Mississippi
Northern
District of Texas
Southern
District of Texas
United
States Court of Appeals for the:
5th
Circuit
6th
Circuit
Federal
Circuit
United
States Claims Court
All
state and appeals courts in Tennessee and
Texas.
Formerly,
Board Certified Specialist in Creditors'
Rights by the state of Tennessee, but not by state
of Texas.
Formerly,
Board Certified Specialist in Consumer
Bankruptcy by the state of Tennessee, but not by
the state of Texas.
The field of Corporate
Law is not an area certified as a specialty by the States of Tennessee
or by its Commission on Legal Specialization.
Call
901-757-5557 for a free appointment to discuss your situation.
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