Shareholders are the owners of the corporation and own the corporation by owning the company stock. But, they do not own the business or the company's property or assets.

Shareholders duties are very limited, meeting only on a periodic basis, such as once a year, to approve major corporate transactions and elect the Board of Directors. The major corporate transactions that usually require shareholder approval include such things as mergers, major acquisitions, the sale of substantially all of the corporate assets or corporate dissolution.

Resolutions:

Shareholder approval and voting is generally reduced to writing in the form or a Shareholder Resolution. Mr. Cooke has an extensive library of Shareholder resolutions and can work with your business to maintain the corporate books and resolutions.

Please feel free to contact Mr. Cooke at (312) 497-9002 or by email at "gc@Cookeslaw.com". For Customized work, Mr. Cooke's fee is $300.00 per hour.