A foundation meeting is the first step to get the association up and running. This is where you talk about what the association will focus on, who it will be for, and which laws or statutes <link> you should have. At the meeting you will adopt those laws you agree upon. You will also have to choose a board at your foundation meeting. One of the participants has to be responsible for writing a thorough report, which those of you who constitutes the board will sign at the end.
Tip: Prepare a proposal for statutes, budget and board, which needs to be elected before the meeting. This will make it a lot easier to get through the meeting schedule.
Here is a thorough review of what happens at a foundation meeting <link>, and a template for a meeting schedule, statutes and budget.