Question

In terms of the steps in the incorporation process, which of the following occurs after the charter is issued?

1) A statutory agent is appointed.
2) The organizational meeting is held.
3) Filing fees are paid.
4) Promoters do preliminary work.

Answer 1

After the charter is issued in the incorporation process, the organizational meeting is held to adopt bylaws, issue stock, and elect officers. The appointment of a statutory agent, payment of filing fees, and promoter work are pre-charter steps.

Step-by-step explanation:

In terms of the steps in the incorporation process, the step that occurs after the charter is issued is the holding of the organizational meeting. This is where the corporation's initial directors meet to complete the formation of the corporation. During this meeting, the bylaws of the corporation are adopted, initial stock is issued, and officers are elected. The appointment of a statutory agent, the payment of filing fees, and the preliminary work done by promoters are all steps that typically occur before the charter is issued, which is the document that legally creates the corporation.