You may also want to ratify the actions of the incorporator (including adopting the articles and appointing the board), adopt a conflict of interest policy, adopt the accounting year, and approve reimbursement of expenses of anybody who provided the initial monies to incorporate. It’s also important to pass a resolution authorizing the board or its designate to open the necessary bank accounts. You need a copy of this resolution to open an account.
Prepare minutes of the meeting and keep them with your articles of incorporation. Now is a good time to start a board book — a binder containing a copy of your articles of incorporation, your bylaws, and the minutes of your first board meeting and every board meeting to follow. Also be sure to include a copy of the letter of determination that acknowledges your organization as tax-exempt when you receive it from the IRS.