
Robert A. Marsico
Partner
201-896-7165 rmarsico@sh-law.comFirm Insights
Author: Robert A. Marsico
Date: November 8, 2017
Partner
201-896-7165 rmarsico@sh-law.comAll corporations, whether public or private, must conduct annual shareholder meetings. The specific legal requirements are determined by the laws of the state of incorporation.
The main purpose of holding annual shareholder meetings is to elect the board of directors. However, it can also serve as an important tool to conduct other official corporate business and establish strong relations with key shareholders.
When planning for the meeting, corporations must consider the following: the law of the state of incorporation; the certificate of incorporation; and the company bylaws. For corporations that call New Jersey home, below are several legal requirements to keep in mind:
Because corporations may alter many of the statutory requirements in their governing documents, startups and other new businesses should take great care when drafting articles of incorporation, corporate bylaws, and shareholders agreements. To avoid confusion or unintended liability, it is advisable to consult with a knowledgeable corporate attorney.
Do you have any questions? Would you like to discuss the matter further? If so, please contact me, Robert Marsico, at 201-806-3364.
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