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For a corporation organized under the laws of a US state such as Delaware, the certificate of incorporation establishes the corporate entity, and corporate bylaws exist to provide more detail about the manner in which the business is governed and run on a day-to-day basis.
If your startup is a corporation incorporated in Delaware or Washington, you must have a board of directors. The Delaware General Corporation Law provides that the business and affairs of every Delaware corporation shall be managed by or under the supervision of a board of directors.
The articles should include: The corporation's name, location, and purpose. The number of shares the corporation is authorized to issue. The registered agent's name and registered office's address. Each incorporator's name and address. The names of each initial director. The corporation's purpose and primary activities.
Unlike the requirements of a corporation, the LLC's operating agreement does not require bylaws, minutes, officers, directors, and meetings. There is also flexibility in management, so managers can participate fully without their liability being affected.
Does Delaware require corporate bylaws? Though Delaware statutes frequently imply the existence of bylaws, they don't explicitly say they're required. (For example, DE Code § 109 states that bylaws ?may be adopted.?) But bylaws are essential for a well-functioning corporation.
Delaware articles of incorporation are filed to create a corporation. This guide provides instructions and tips when preparing and filing this legal document.
A Delaware corporation exists as soon as you file its certificate of incorporation with the Secretary of State. To form a corporation, you must mail or fax a certificate of incorporation and a cover sheet to the Secretary of State's office and pay a fee.
Articles of Incorporation example Information about authorized shares. The legal name of the company. The company's official address. The business purpose. A Tax ID number. The names and contact information of official agents of the company. The date of incorporation.