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Form #1441

INDIVIDUAL SUBSCRIPTION BEFORE CREATION OF CORPORATION

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INDIVIDUAL SUBSCRIPTION BEFORE CREATION OF CORPORATION


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Individual subscription before creation of corporation.

It is proposed to organize under the _________ Business Corporation Act a corporation to be known as _________ or by any other name as the incorporator may select.

The corporation shall initially be authorized to issue _________ shares of common stock, having a par value of $_____ per share.

It is proposed that the corporation shall be organized to engage in any lawful activity for which corporations may be organized under the _________ Business Corporation Act.

Now, therefore, I, the undersigned, subscribe for the number of shares of the proposed corporation at the price set opposite my name at the end of this agreement.

This subscription shall be paid in cash at the time or times the board of directors may determine.

The subscriber may act as incorporator of the corporation and may execute and file articles of incorporation containing provisions not inconsistent as may be deemed advisable. The subscription made shall be deemed to be accepted by the corporation immediately upon the filing and recording of the Certificate of Incorporation as provided by law.

The undersigned represents and warrants that the execution of this preorganization subscription agreement, agreeing to purchase the stock referred to is for his [her] own account, and will be for investment and not with a view to distribution. The undersigned further agrees that each certificate representing shares of the common stock of the corporation to be originally issued pursuant to this preorganization subscription agreement shall bear the following legend:

"These securities have not been registered under the Securities Act of 1933. They may not be sold or offered for sale in the absence of an effective registration statement as to the securities under that act, or an opinion from counsel satisfactory to the Company that registration is not required."

Name

Number of Shares

Amount Subscribed

 

......................................................................  

......................................................................  

......................................................................  

 



 
Contributed by
King and Spelling LLC
 
Total Forms Contributed 117
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: INDIVIDUAL SUBSCRIPTION, BEFORE CREATION OF CORPORATION

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