Pre-Incorporation Agreement

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Pre-Incorporation Agreement Powered By Docstoc
					This Pre-Incorporation Agreement lays out the material terms between prospective
shareholders who plan to incorporate a business and will take part in the day-to-day
operations of the business. This agreement sets forth the financial and organizational
structure including the purpose of the corporation, the division of shares of stock, the
salaried employees and the Board of Directors. It contains numerous standard
provisions as well as opportunities for customization to address the specific needs of the
individuals. This document should be used by individuals planning on incorporating a
business.
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                   PRE-INCORPORATION AGREEMENT                                                     y
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This Pre-Incorporation Agreement (the “Agreement”) among the undersigned parties is made           i
and effective this ___ day of ______, 20___, by and among the following individuals (each, a       g
“Party” and collectively, the “Parties”):                                                          h
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__________________________                   ____________________________
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__________________________                   ____________________________                          n
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__________________________                   ____________________________                          i
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WHEREAS, the Parties are in the pre-incorporation stages of forming a corporation to be named      o
_________________________________ (hereinafter the “Corporation”), and to be formed                n
pursuant to the laws of the State of _____________________________;
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WHEREAS, the Parties believe it is in their best interest to agree on the materials terms to       B
govern the operation, management and control of the Corporation.                                   S
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NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein,
it is agreed by and among the Parties as follows:                                                  2
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1. The Parties shall form a Corporation named _____________________ pursuant to the laws of        0
the State of _________________ and to promptly execute any and all forms and documents             7
necessary to register the Corporation in the State of ___________________.                         .

2. The Corporation shall be formed for the purpose of engaging in the business of                  A
____________________________. [Comment: set forth the purpose of the Corporation.]                 l
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3. The Parties shall cause the Corporation to issue stock to the Parties in the following number
and for the following consideration:                                                               r
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Name                  Number of Shares               Consideration                                 g
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______________        _______________                _________________                             t
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______________        _______________                _________________
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______________        _______________                _________________                             e
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______________        _______________                _________________                             e
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______________        _______________                _________________                             v
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3A. The following persons shall be employed by the Corporation in the positions, and for the
salary indicated below, until such time as the Shareholders determine otherwise.

Name                  Position                       Salary

______________        _______________                _________________

______________        _______________                _________________

______________        _______________                _________________

______________        _______________                _________________

______________        _______________                _________________

4. The Parties shall elect the following persons to the Board of Directors of the Corporation
(each, a “Director” and, collectively, the “Directors”).

___________________________                  ____________________________

__________________________                   ____________________________

__________________________                   ____________________________

5. The Parties shall execute any and all necessary documents required to carry out the terms of
this Agreement.

6. This Agreement shall be governed in accordance with the laws of the State of
__________________.

7. Notices to each Party shall be sent to the following address:

Name                                         Address

___________________________                  ____________________________

__________________________                   ____________________________

__________________________                   ____________________________

__________________________                   ____________________________

___________________________                  ____________________________




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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date first
above written.


Shareholders

___________________________                     _________________________
Signature                                       Print Name

___________________________                     _________________________
Signature                                       Print Name

___________________________                     _________________________
Signature                                       Print Name




© Copyright 2013 Docstoc Inc.                                                    4

				
DOCUMENT INFO
Description: This Pre-Incorporation Agreement lays out the material terms between prospective shareholders who plan to incorporate a business and will take part in the day-to-day operations of the business. This agreement sets forth the financial and organizational structure including the purpose of the corporation, the division of shares of stock, the salaried employees and the Board of Directors. It contains numerous standard provisions as well as opportunities for customization to address the specific needs of the individuals. This document should be used by individuals planning on incorporating a business.
This document is also part of a package Business Incorporation Starter Kit 19 Documents Included