Legal Question in Business Law in Minnesota

corporation setup

S-Corp. Two incorporators. One now

disinterested. One wants to set-up.

Can one call the first meeting, invite

the others and set up a board of

directors?


Asked on 12/01/07, 9:47 am

1 Answer from Attorneys

David Anderson Anderson Business Law LLC

Re: corporation setup

You state there are 2 incorporators. How about Shareholders? Are there Bylaws? Stock Subscription agreement?

Is the corp worth anything (does it have assets)? You should have corporate counsel review and advise.

SH Litigation can be expensive.

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Answered on 12/02/07, 7:15 am


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