Edit Legal Ohio By-Laws Forms For Free

Some examples of S-Corporation By-Laws which may appear on a company's records are: Annual meetings are to be held for the purpose of electing a governing board of directors for the upcoming year. A quorum of six directors is needed in order to proceed with voting or other transactional business.

Under Ohio law, a corporation must have at least three directors, unless there are less than three shareholders. In that case, the number of directors may be equal to or greater than the number of shareholders. For example, if the corporation has only one shareholder, the number of directors may be one or two.

Does Ohio require corporate bylaws? Ohio Rev Code § 1701.11 states that a corporation's directors MAY adopt regulations. But Ohio statutes don't explicitly state that bylaws or regulations are required. However, bylaws are essential for a well-functioning corporation.

A corporation's bylaws, also called company bylaws or just bylaws, are a legal document setting forth key rules and regulations governing the corporation's day-to-day operations. By articulating the procedures management must follow, these rules help ensure a corporation runs smoothly, efficiently, and consistently.

After the initial bylaws are adopted, bylaws may be adopted and amended only by the members unless the articles or bylaws provide that the board, by a two-thirds vote of the entire board, may adopt or amend the bylaws or any specified bylaw.

Articles of incorporation are the primary law of an association used to establish the general organization and governing of the association to achieve corporate existence. Bylaws are the secondary law of an association best used to detail how the society is formed and run.