Code § 5510. A California nonprofit corporation must have: 1) either a chairperson of the board or a president or both; 2) a secretary; and 3) a treasurer or a chief financial officer or both.
Are bylaws filed with the state of California? No. Your corporate bylaws are internal documents, which means they should be kept on file with your business records.
Although organizations don't need to file these bylaws with the state, California law requires that the treasurer or other designated member of the organization maintains a copy on file.
§ 460/4 | Effective Jan. 1, 2024, a charitable organization with annual contributions more than $500,000 must file an audited financial statement prepared by an independent CPA. A charitable organization with contributions between $300,000 and $500,000 must file a financial statement with the Attorney General.
There's also the fact that if you don't list the number of directors in your Articles of Incorporation, you're legally required to list that information in your bylaws (see California Corp Code § 212). The bottom line: corporate bylaws are not legally required, but they're pretty much essential for your corporation.
Overall, a corporation has more structure and requires you to follow more formalities than with an LLC. See our article on how to form a California Corporation. A California LLC is formed by filing articles of organization with the state of California.
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)
A C corporation is a business structure that allows the owners of a business to become legally separate from the business itself. This allows a company to issue shares and pass on profits while limiting the liability of the shareholders and directors.