Use this form when you are establishing a corporation to set out the financial and organizational structure. Although not legally required, this form will help you and the other owners focus on key business issues before you incorporate.

Important to Know:

• This form is designed for people who plan to incorporate a small business owned by a handful of shareholders, each of whom will actively take part in the day-to-day operations of the business.
• This form does not replace preparing and filing articles of incorporation, selecting a board of directors, adopting bylaws, or issuing stock.
• You may not need this form if you will be the sole owner of the corporation, you are incorporating an existing business with your co-owners, or the owners of your corporation are family members.