By-laws describe the agreed rules governing the operations of the Professional Corporation.
By-laws describe the agreed rules governing the operations of the Professional Corporation.
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Bylaws are not the same as articles of incorporation?the articles are a short document filed with your state to form your business. Bylaws are a longer, more detailed, internal document. Both for-profit and nonprofit corporations should have bylaws.
Bylaws are required when the articles of incorporation do not specify the number of directors in a corporation. Any corporation whose articles of incorporation do not specify the number of directors must adopt bylaws before the first meeting of the board of directors specifying the number of directors.
These continuous requirements include those related to the following: Taxes. Corporations must file their annual tax returns. Securities. Corporations must issue stock as their security laws and articles of incorporation mandate. Bookkeeping.Board meetings.Meeting minutes.State registration.Licensing.
How to Form a Professional Corporation in California Step 1: File the Articles of Incorporation with the California Secretary of State (required)Step 2: Register with the Appropriate Government Agency (required)Step 3: Prepare Corporate Bylaws.Step 4: Appoint the Professional Corporation's Directors (required)
Bylaws generally define things like the group's official name, purpose, requirements for membership, officers' titles and responsibilities, how offices are to be assigned, how meetings should be conducted, and how often meetings will be held.
Members of certain professions such as lawyers, doctors, accountants, and engineers may form a California professional corporation (also known as a ?PC?). Typically, these types of entities provide services only through licensed professionals.
To be a professional law corporation, your company has to possess a certificate of registration, and this certificate has to come from the California State Bar. You will also have to make sure that any professional services you provide come through staff members who are licensed to practice law.
The California Corporations Code does not explicitly state that corporations must have corporate bylaws. However, the necessity of bylaws is implied in several places, including CA Corp Code § 213, which requires corporations to keep a copy of their bylaws on file at their principal executive office.
California law requires that each corporation must have a president, a secretary, and a chief financial officer. We typically also provide for at least one vice president. California law permits a single person to hold multiple offices ? in many cases, a single person acts as each of the officers. Ready to talk?
Although you don't need to file your bylaws with the California Secretary of State like your Articles of Incorporation, state law mandates adopting bylaws. In fact, many nonprofits choose to make their bylaws available to the public, increasing accountability and trust with frequent donors.