Posted by David Oliver on 1/12/2011 to Business Law
Delaware Corporation Meetings
Every Company is Required to Conduct Important Meetings
IncSmart Delaware (Small Business and Startups) - Annual General Meetings and Board Meetings. Board Meetings should be held at least once, every quarter. Annual Meetings should be held at the end of every year. A Quorum is one-third of board strength or two, whichever is higher. The one-third directors should be non-interested directors. In case of lack of quorum, the meeting is to be adjourned automatically to the same day in the next week, at the same time and place, unless that day is a public holiday, in which case, to the next succeeding working day. Without these meetings, your corporation becomes an alter ego.