Document background
The Minutes Of First Board Meeting After Incorporation is a crucial corporate document that must be prepared immediately following the incorporation of a company in Canada. This document is legally required under Canadian corporate law and serves as evidence that the corporation has properly established its governance structure and made all necessary initial corporate decisions. It captures fundamental resolutions about share issuance, officer appointments, banking arrangements, and adoption of by-laws. The minutes form part of the corporate record book and may be required by banks, regulatory authorities, or potential investors as evidence of proper corporate formation and governance. This document is typically prepared with the assistance of legal counsel to ensure compliance with all applicable corporate law requirements.
