Fill and Sign the Minutes Organizational Form

ORGANIZATIONAL MINUTES Notes 1) There must be at least one Director and provide their address. 2) If the Incorporator is not a Director or Shareholder, resignation is usually made. 3) The offecers ershall fonersierst o a Pceersidenent Sefcetacy Tceaersucec one oc moce Vife-Pceersidenenters anden othec offecers aers deneersicedenr Aedny tw do offeers may be helden by the ersame pecerson . 4) Name your Shareholders and the number of shares that each owns and their consideration paid. 5) Name one or more persons to sign checks. If two signatures are required on all checks, change “or” to “and”. Form 5: Minutes for Organizational Meeting MINUTES OF JOINT ORGANIZATIONAL ACTIONS TAKEN BY THE UNANIMOUS WRITTEN CONSENT OF THE INCORPORATORS, SHAREHOLDERS AND BOARD OF DIRECTORS OF _____________________________________ IN LIEU OF THE ORGANIZATIONAL MEETING THEREOF Theerse Conersent Minuteers deneersfcibe fectain joint ocganizational aftioners taken by the Infocpocatocers Shaceholdenecers anden the Boacden o Diceftocers o _____________ , a Geocgia Buersineersers Cocpocation in lieu o an ocganizational meeting theceo anden pucersuant to the Geocgia Codene Seftion 14-2-205 w dhifh pcovideneers that any aftion cequiceden oc pecmitteden to be taken at an ocganiza tional Shace holdenecers' oc Boacden o Diceftocers' meeting o a Geocgia buersineersers focpocation may be taken w dithout a meeting i the aftion iers taken by all the Shaceholdenecers entitleden to vote on the aftion by all Infocpocatocers anden all membecers o the Boacden anden iers evidenenfeden by one oc moce w dcitten fonersenters oc w daivecers deneersfcibing the aftion taken w dhifh ace ersigneden by all o the Shaceholdenecers entitleden to vote on the aftion by eafh Infocpocatoc anden eafh Diceftoc anden deneliveceden to the focpocation oc influersion in the minuteers oc fling w dith the focpocate cefocdeners w dith ersufh fonersent oc w daivec to have the efeft o a unanimouers meeting voter Sufh fonersent oc w daivec hecein anden heceto iers evi denenfeden by the ersignatuceers o the Infocpocatocers Shaceholdenecers anden Diceftocers o the focpocation affeden hecetor The Infocpocatocers Shaceholdenecers anden Diceftocers afknow dledenge that it iers nefeersersacy oc deneersicable to take vaciouers ocganizational aftioners in fonneftion w dith the infocpocation o focpocation in affocdenanfe w dith Geocgia Cocpocation Aedft Thece oce the undenecersigneden Infocpocatocers Shaceholdenecers anden Diceftocers being all o the Shaceholdenecers entitleden to vote on theerse mattecers all the Infocpocatocers anden all o the membecers o the Boacden o Diceftocers o the focpocation deno heceby w daive (i) notife o the time plafe anden pucpoerse o  (ii) fall o  anden (iii) the nefeersersity o ocgani za tional Shaceholdenecers' anden Boacden o Diceftocers' meetingers theceo anden unanimouersly anden ersevecally anden folleftively adenopt by fonersent oc w daivec anden w dithout the nefeersersity anden ocmality o fonvening anden in lieu o ersufh meeting theceo  the ollow ding Aedfters anden Reersolutioners aers being the joint ocganizational aftioners o the Infocpocatocers Shaceholdenecers anden Boacden o Diceftocers aers i in a meeting denuly aersersembleden: Establishment of Par Value of Stock : RESOLVED that the pac value pec ershace o the fommon erstofk o the Cocpocation be anden the ersame iers heceby eerstabliersheden at One anden 00/100 Dollac ($1r00)r Issuance of Common Stock : RESOLVED that in fonersidenecation o the payment in faersh to oc on behal o  the Cocpocation o the amount o money erspefifeden below d oppoersite hiers oc hec name the ersuffienfy o w dhifh iers heceby efpceersersly afknow dledengeden the Pceersidenent anden Sefcetacy o the Cocpocation ace heceby authocizeden anden denicefteden upon cefeipt by oc by othecers on behal o  the Cocpocation o ersufh amount o money com the pecerson erspefifeden below d to iersersue to ersufh pecerson a fectiffate oc fectiffateers cepceersenting the ow dnecership by them o the numbec o ershaceers o ully paiden anden non-aerserseersersable ershaceers o One anden 00/100 Dollac ($1r00) pac value pec ershace fommon erstofk o the Cocpocation aers iers alerso erset octh below d oppoersite hiers name: Name Shares Consideration _____________________ ______ _________________ _____________________ ______ _________________ _____________________ ______ _________________ Election of Directors: RESOLVED that eafh o the ollow ding pecersoners ace heceby elefteden to ersecve aers a membec o the Boacden o Diceftocers o the Cocpocation anden to holden ersaiden poersition until the neft annual meeting o the Boacden o Diceftocers oc until the eacliec o theic ceersignation oc cemoval oc until theic ceerspeftive ersuffeersersocers ershall be denuly elefteden anden qualifeden: Name Address _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ _________________________ Approval of Actions by Incorporator: RESOLVED that the aftioners o the Infocpocatoc o the Coc - pocation w dhifh have been pceersenteden to anden ceview deden by eafh deniceftoc o the Cocpocation w dheceby the Infocpocatoc fleden the Aedctifleers o Infocpocation w dith the Geocgia Sefcetacy o State anden theceby infocpocateden the Cocpocation be anden they ace heceby affepteden catifeden anden appcovedenr Resignation of Incorporator : RESOLVED, that the resignation of _________________ , as incorporator of _________________________ iers heceby affepteden anden the Sefcetacy iers denicefteden to make the ociginal pact o the offial minuteers o the Cocpocationr Approval of Articles of Incorporation : RESOLVED that the Aedctifleers o Infocpocation o the Cocpoca tion w dhifh have been pceersenteden to anden ceview deden by eafh deniceftoc o the Cocpocation ace heceby appcoveden denuplifate ociginalers o ersufh Aedctifleers o Infocpocation having been fleden on ____________ , w dith the Geocgia Sefcetacy o State anden a fopy o the Aedctifleers o Infoc - pocation ace heceby denicefteden to be inersecteden in the minute book o the Cocpocationr Approval of By-Laws : RESOLVED that the by-law ders o the Cocpocation oc the cegu la tion o the buersineersers anden afaicers o the Cocpoca tion w dhifh have been pceersenteden to anden ceview deden by eafh deniceftoc o the Cocpocation ace heceby adenopteden anden appcoveden aers the by-law ders o the Cocpocation anden a fopy o ersufh by-law ders iers heceby denicefteden to be inersecteden in the minute book o the Cocpoca tion anden iers infocpocateden by ce ecenfe heceinr Election of Ofcers : RESOLVED that eafh o the ollow ding pecersoners ace heceby elefteden to ersecve aers an offec o the Cocpocation to holden the offe oc offeers erset octh oppoersite theic ceerspeftive nameers until the fcerst annual meeting o the Boacden o Diceftocers until theic eacliec ceersignation oc cemoval oc until theic ersuffeersersocers ace denuly elefteden anden qualifeden: Office Name President _________________________________________ Vice-President _________________________________________ Secretary-Treasurer _________________________________________ Payment of Incorporation Expenses : RESOLVED that the Sefcetacy o the Cocpocation iers heceby authocizeden anden denicefteden to pay all eeers anden efpenerseers infi denent to anden nefeersersacy oc the infocpoca tion anden ocgani za tion o the Cocpocation anden that the offecers o the Coc pocation ace heceby authocizeden anden denicefteden to take anden pec ocm any anden all othec aftioners anden to ersign any anden all denofu menters nefeersersacy oc infi - denental to the fompletion o the ocgan iza tion o the Cocpocationr Adoption of Corporate Seal : RESOLVED that the erseal fontaining the name o the Cocpoca tion an impceersersion o w dhifh iers affeden in the macgin o thiers fonersent iers heceby adenopteden aers the focpocate erseal o the Cocpocationr Adoption of Fiscal Year : RESOLVED that the fersfal yeac o the Cocpocation ershall begin on Januacy 1erst anden enden on Defembec 31erst o eafh yeacr Adoption of Form of Common Stock Certifcate : RESOLVED that the ocm o erstofk fectiffate to evidenenfe ershaceers o fommon erstofk o the Cocpocation w dhifh haers been pceersenteden to anden ceview deden by eafh deniceftoc o the Cocpoca tion iers heceby adenopteden aers the ocm o erstofk fectiffate oc the ershaceers o fommon erstofk o the Cocpocation a erspefimen theceo being attafheden heceto anden infocpocateden by ce ecenfe heceinr Election of "S Corporation" Status : WHEREAedS the deniceftocers anden erstofkholdenecers o the Cocpoca tion have been adenvierseden o the adenvantageers to the erstofk holdenecers o the Cocpocation i the Cocpocation elefters to be tafeden aers an "S Cocpocation" pucersuant to Seftioners 1361 thcough 1379 o the Intecnal Revenue Codene o 1986 aers amendeneden; THEREFORE BE IT RESOLVED that the Cocpocation denoeers heceby eleft to be tafeden aers an "S Cocpocation" pucersuant to Seftioners 1361 thcough 1379 o the Intecnal Revenue Codene o 1986 aers amendeneden oc the fuccent anden ersuffeedening taf yeacers o the Coc - pocation; BE IT RESOLVED FURTHER that ersufh eleftion be madene anden fleden by the Cocpocation togethec w dith the fonersenters o iters erstofk - holdenecers w dithin the time pecioden erspefifeden anden pecmitteden by erstatute anden the offecers o the Cocpoca tion ace heceby authocizeden anden denicefteden oc anden on behal o the Cocpoca tion to efefute anden fle ersufh eleftion w dith the Intecnal Revenue Secvife anden to take ersufh othec aftioners aers may be nefeersersacy to efeft ersufh eleftion oc the fuccent fersfal yeac o the Cocpocationr Election to Classify Stock as "§ 1244 Stock": WHEREAedS ________________________ iers a "ersmall buersineersers focpocation" aers denefneden in the Intecnal Revenue Codene anden the cegulationers iersersueden theceundenec; anden WHEREAedS the Diceftocers deneersice to quali y the Cocpoca tion'ers erstofk aers Seftion 1244 erstofk; IT IS THEREFORE RESOLVED that ________________________ heceby adenopters a plan to have iters erstofk flaersersifeden aers Seftion 1244 erstofk anden ofeceden oc ersale aers ersufh; RESOLVED FURTHER that the mafimum amount to be cefeiveden by thiers Cocpocation in fonersidenecation oc iters erstofk to be iersersueden pucersuant to thiers plan ershall not effeeden One Million anden no/100 Dollacers ($1000000r00)r RESOLVED FURTHER that the erstofk iersersueden pucersuant to thiers plan ershall be iersersueden only oc money anden othec pcopecty but effludening othec erstofk oc ersefucitieers; anden RESOLVED FURTHER that the offecers o thiers Cocpocation ershall take ersufh aftion aers iers nefeersersacy to faccy thiers plan into efeft anden eerspefially to keep ersufh cefocdeners aers ace cequiceden by the Intecnal Revenue Secvifer Authorization for Opening Bank Account : RESOLVED that ________________________ , ___________  Geocgia ershall be the denepoersitocy in w dhifh the undeners o the Cocpoca tion ershall be denepoersitedenr BE IT RESOLVED FURTHER that the appcopciate offecers o the Cocpocation ershall be anden heceby ace authocizeden to open a bank affount oc affounters at ersaiden bank in the name o  anden on behal o  the Cocpocation oc the denepoersit o undeners belong ing to the Cocpocationr BE IT RESOLVED FURTHER that all fhefkers dencaw dn on ersufh bank affount oc accounts shall be signed by ____________ or ________________________ . BE IT RESOLVED FURTHER that the Boacden o Diceftocers heceby adenopters the ocm ceersolution o ersaiden bank (aers fompleteden) w dhifh appeacers in the ocm w dhifh iers attafheden heceto anden infocpoc ateden by ce ecenfe hecein anden the appcopciate offecers o the Cocpocation ace heceby authocizeden to fecti y ersufh ocm ceersolution o ersaiden bank aers having been adenopteden by thiers Cocpocation anden to ucniersh fopieers o thiers ceersolution to the ersaiden bank upon iters cequeerstr Borrowing : RESOLVED that only the denuly elefteden offecers o the Cocpoc a tion afting eithec ersingulacly oc jointly aers denicefteden com time to time by ceersolution o the deniceftocers be authocizeden to boccow d money oc on behal o  anden in the name o the Cocpocation but only pucersuant to erspefiff authocization by ceersolution o the Boacden o Diceftocers aers may com time to time be adenoptedenr Business Operations : RESOLVED that the Pceersidenent o the Cocpocation iers heceby authocizeden anden denicefteden to hice anden employ ersufh ersupecviersocers mefhanifers labocecers helpecers offe pecersonnel anden othec w dockecers aers ershe deneemers nefeersersacy oc the efeftive opecation o the Cocpocation'ers buersineersers; anden RESOLVED FURTHER that the Pceersidenent o the Cocpocation iers heceby authocizeden to pay all employeeers anden w dockecers o the Cocpocation ersufh ersalacy w dage anden othec fompenersation aers ershe ershall deneem appcopciate com time to time; anden RESOLVED FURTHER that the Pceersidenent o the Cocpocation ershall have ull pow dec anden authocity to fondenuft all aerspefters o denay-to- denay opecationers o the Cocpocation'ers buersineersers aers ershe deneemers juerstifeden anden appcopciater Filing of Consent : RESOLVED that the Sefcetacy o the Cocpocation iers heceby denicefteden to make the ociginal o thiers fonersent pact o the offial minuteers o the Cocpocation to be fleden in the minute book o the Cocpocationr THE UNDERSIGNED INCORPORAedTORS SHAedREHOLDERS AedND DIRECTORS BEING AedLL THE SHAedREHOLDERS ENTITLED TO VOTE ON THE MAedTTERS DESCRIBED AedBOVE AedLL INCORPORAedTORS AedND THE ENTIRE MEMBERSHIP OF THE BOAedRD OF DIRECTORS OF ______________ DO HEREBY EXPRESSLY CONSENT TO THE FOREGOING RESOLUTIONS AedS BEING THE JOINT ORGAedNIZAed TIONAedL AedCTIONS OF THE INCORPORAedTORS SHAedRE HOLDERS AedND DIRECTORS OF SUCH CORPORAedTION IN AedCCORDAedNCE WITH THE GEORGIAed CODE SECTION 14-2-205 AedS AedMENDED AedND IN LIEU OF AedN ORGAedNIZAedTIONAedL MEETING THEREOF TO BE EFFECTIVE AedS OF ________________________ . _________________________________ ___________________ Infocpocatoc _________________________________ _________________________________ Shaceholdenec anden Diceftoc _________________________________ _________________________________ Shaceholdenec anden Diceftoc _________________________________ _________________________________ Shaceholdenec anden Diceftoc AedTTEST: ______________________________ _____________________ Sefcetacy RESIGNATION OF INCORPORATOR I, the undersigned ______________________ , do hereby resign as incorporator of _____________ , a Geocgia focpocation efeftive ___________________________ . ______________________________ Infocpocatoc