Pennsylvania Clauses Relating to Venture Officers
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FAQ
There are four main types of business structures: sole proprietorships, partnerships (general or limited), limited liability companies (LLCs), and corporations.
The Act permits any of the Associations to engage in fundamental transactions in a uniform structure with any other Associations. These fundamental transactions are: The merger of one entity with or into another. Conversion of one type of entity to another type of entity.
If a company wants to become a corporation, it must file articles of incorporation with its appropriate state agency. This formation document is required as part of the incorporation process, and the articles provide the state a variety of information about the company and its incorporators.
--Unless otherwise restricted in the bylaws, any action required or permitted to be approved at a meeting of the directors may be approved without a meeting by a consent or consents to the action in record form.
--Unless otherwise provided in the bylaws, a majority of the directors in office of a business corporation shall be necessary to constitute a quorum for the transaction of business, and the acts of a majority of the directors present and voting at a meeting at which a quorum is present shall be the acts of the board of ...
--Unless otherwise restricted in the bylaws, any action required or permitted to be taken at a meeting of the shareholders or of a class of shareholders of a business corporation may be taken without a meeting if a consent or consents to the action in record form are signed, before, on or after the effective date of ...
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS.