Board Directors Corporate Without In Texas - Waiver of 1st Meeting of Board of Directors - Corporate Resolutions
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All corporations, regardless of the state, must have a shareholder-elected Board of Directors. An LLC is not required to have a Board of Directors, but can adopt this form of management if the members (the owners of the LLC) choose to do so.
The Texas Business Organizations Code requires a nonprofit corporation to have at least three directors, one president, and one secretary. The same person cannot be both the president and secretary. Officers and directors must be natural persons, but may be known by other titles.
Can I Be My Own Registered Agent in Texas? Yes, if you'll work at a business address—which can be your home—and be available Monday through Friday, 9 AM to 5 PM, then you can act as your business's registered agent. There are benefits to being your own registered agent.
Registering your DBA and doing business under that DBA name is not the same as registering your business as a legal business entity. If you register a DBA without first forming as an LLC, corporation, or some other legal entity type, the state you're doing business in recognizes your business as a sole proprietorship.
You do not need to have a DBA for your LLC. You can operate the LLC under the name of the LLC. However, many LLCs have names that would convert to poor brands and make marketing more difficult. In such cases, a DBA can help you create a strong brand identity.
How long does it take to file a DBA? Depending on the jurisdiction, most DBA filings take 1-4 weeks with some exceptions. Is filing a DBA the same thing as filing for a Trademark?
A member of a corporation, on written demand stating the purpose of the demand, is entitled to examine and copy at the member's expense, in person or by agent, accountant, or attorney, at any reasonable time and for a proper purpose, the books and records of the corporation relevant to that purpose.
Board members are usually appointed by voting members, who cast their votes on who should be selected for a board in an election. If a nonprofit organization chooses to remain unincorporated, they legally do not need to appoint a board of directors to run.
An S Corp, like a C Corp, must have a board of directors. Directors represent the company and make decisions on behalf of the shareholders. If your S Corp has more than three shareholders, you'll need to appoint at least three directors. S Corps with fewer than three shareholders must have a director per shareholder.
