Waiver Of Notice For First Board of Directors Meeting

Why would I need a waiver of notice for the first board of directors meeting?

When starting your new corporation, there’s a good chance you won’t have time (or won’t want to take time) to go through the official hoops of properly notifying all directors of your intent to hold a meeting. Before holding a meeting, the director typically gives the other directors at least a week’s notice—sometimes a month or more, depending on bylaws and state requirements. If you’re ready to launch your business, however, you don’t want to wait on corporate formalities just to have a meeting.

In this situation, you can opt to have all the directors sign a waiver of notice. A waiver of notice basically confirms that all directors are okay with not having the usual notice of a meeting. If you have the meeting anyway and don’t bother to get a waiver of notice, directors could come back later and say they didn’t have proper time to review documents and make decisions—and the last thing you want is your key business decisions to be challenged or invalidated.

What should a meeting waiver of notice include?

Our template for a first board of directors meeting waiver of notice includes the following essential information:

• Your corporation’s name

• Date, time and location of first meeting

• Statement waiving notice

• Statement consenting and agreeing to business transacted at the meeting

• Statement that business transacted has the same force and effect as if there had been notice

• Director names and signatures

• Dates of all signatures

In addition to providing free forms, Northwest can help your business in other ways. We offer registered agent service in every state for $125 a year. If you would like help forming a corporation in your state or any state, we charge $100 plus the state filing fees.