Unanimous Shareholder Written Consent (Preferred Stock Financing)

Bahman Eslamboly

Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

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This Unanimous Written Consent of Shareholders is for use when the shareholders approve the issuance of Series A Preferred Stock to investors (also known as a Preferred Stock Financing). A Unanimous Written Consent is for use when a company's shareholders take formal actions without a formal meeting. It is imperative that this action be clearly and succinctly set out in writing and contain all the resolutions that the shareholders agree upon. This Unanimous Written Consent includes resolutions for the approval of stock financing, sale and issuance of stock to investors and the fair market value for the Series A stock shares. It also sets out that an officer is authorized to perform and act on behalf of the company to fully implement these resolutions. This Unanimous Written Consent of Shareholders for Series A Preferred Stock Purchase becomes a part of the company's official record and is maintained with the company's books and records.

This Unanimous Written Consent of Shareholders for Series A Preferred Stock Purchase contains the following provisions:
  • Corporate Information: Sets out the name of the company and the state of incorporation;
  • Resolution Title: Sets out the title of the resolution;
  • Resolution: Sets out in detail the specifics regarding the resolution including the number of and the price of the Series A shares;
  • Approval/Resolution: Sets forth in detailed language the resolutions which were approved by the shareholders;
  • Omnibus: Sets forth the resolution that the officers of the company are authorized and directed to take all necessary action to implement the resolution;
  • Signatures: A Unanimous Written Consent must be signed and dated by all company shareholders;
  • Exhibit A: A copy of the Series A Preferred Stock Purchase Agreement is attached to the Unanimous Written Consent;
  • Official Record: This Unanimous Written Consent becomes a part of the company's official record and must be maintained by the secretary with the other books and records.

Protect Your Rights and Your Company by purchasing this attorney-prepared form.

This attorney-prepared package includes:
  1. General Information
  2. Instructions and Checklist
  3. Unanimous Written Consent of Shareholders for Series A Stock Purchase
State Law Compliance: This form complies with the laws of all states

Unanimous Shareholder Written Consent (Preferred Stock Financing)

Product Details

Product Unanimous Shareholder Written Consent (Preferred Stock Financing)
Country United States
Pages 8
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Unanimous Written Consents
Product number #43470
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

A Unanimous Written Consent of Shareholders is a legal document that allows shareholders to approve corporate actions, such as the issuance of preferred stock, without holding a formal meeting.

This form is necessary to ensure that all shareholders are in agreement regarding significant corporate actions, providing a clear record that can be referenced for compliance and governance.

All shareholders of the company must sign and date the Unanimous Written Consent to validate the resolutions and actions taken within the document.

Yes, the Unanimous Written Consent can be tailored to fit the specific needs of the company and the resolutions being approved by the shareholders.

If not all shareholders sign the consent, the resolutions may not be valid, and the company may need to hold a formal meeting to obtain the necessary approvals.

Is This Form Right For You?

Use This Form If:

  • Individuals who are shareholders in a corporation may need this form to approve the issuance of Series A Preferred Stock to investors, ensuring that all shareholders are in agreement without the need for a formal meeting.
  • Situations requiring immediate action on stock financing can benefit from this Unanimous Written Consent, as it allows shareholders to quickly authorize the sale and issuance of stock, streamlining the process for the company.
  • For those looking to maintain proper corporate governance, this document serves as a formal record of shareholder decisions, which is essential for compliance with state laws and internal company policies.
  • Companies undergoing a preferred stock financing round will find this form crucial, as it provides a clear and documented resolution that can be referenced in future corporate actions or audits.
  • In instances where a company needs to demonstrate shareholder approval for financial transactions, this Unanimous Written Consent acts as a vital piece of documentation that supports the legitimacy of the actions taken.

Do Not Use If:

  • – This form is not appropriate when there is a need for a formal meeting to discuss and debate the resolutions, as it bypasses that process.
  • – If not all shareholders are in agreement or if there are dissenting opinions, a Unanimous Written Consent would not be suitable, as it requires unanimous approval.
  • – In cases where state laws mandate specific procedures for stock issuance that involve more than just shareholder consent, this form would not fulfill those legal requirements.
  • – For companies that are not issuing preferred stock or are engaging in different types of financing, this document would not be relevant or applicable.
  • – If the company is facing legal disputes among shareholders, using this form may complicate matters further and is not advisable until the disputes are resolved.

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