Does Nevada Require Corporate Bylaws? No. NV Rev Stat § 78.046 describes some of the powers bylaws can have, but it doesn't mandate that corporations adopt bylaws. Even so, bylaws are essential legal documents for corporations.
The board of directors appoints the officers of a corporation ing to company bylaws. The directors determine each officer's compensation and outline detailed responsibilities in employment contracts.
In US companies, officers are elected by the board of directors, and usually consist of a president and/or a chief executive officer, one or more vice presidents, a secretary, and a treasurer or chief financial officer.
At the annual general meeting, the president or chairman of the organization presides over the meeting and may give an overall status of the organization. The secretary prepares the minutes and may be asked to read important papers.
1. Every corporation must have a president or a chair of the board, a secretary and a treasurer. 2. Every corporation may also have one or more vice presidents, assistant secretaries and assistant treasurers, and such other officers and agents as may be deemed necessary.
Section 312 - Officers (a)A corporation shall have (1) a chairperson of the board, who may be given the title of chair of the board, chairperson of the board, chairperson, or a president or both, (2) a secretary, (3) a chief financial officer, and (4) such other officers with such titles and duties as shall be stated ...
(a) The first Board of Directors and all subsequent Boards of the Corporation shall consist of, not less than 1 nor more than 9, unless and until otherwise determined by vote of a majority of the entire Board of Directors.
The shareholders of a C Corporation (or S Corporation) hold annual meetings to discuss the company's needs, its previous year's financials, elect new directors to the board of directors. The directors are the corporation's decision-makers, so as a shareholder, this is an important duty.
An annual review should go beyond financial discussions but also cover any personal changes. Areas to be discussed with a client should include their investment portfolio, tax planning, estate planning, retirement planning, and life insurance policies.
The review leads to a discussion of how the client is doing compared to their financial plan, and how they are progressing towards their various goals, such as saving for retirement and college.