Corporate bylaws are legally required in Virginia. The law doesn't specify when bylaws must be adopted, but usually this happens at the organizational meeting.
Breach of Fiduciary Duties When directors or officers fail to follow the corporation's governing documents, they open themselves up to liability for breaching their duties of care and obedience. Officers and directors may be held personally liable in the event a breach of duty occurs.
Start Your Corporate Bylaws StateBylaws Required? California No Colorado No Connecticut Yes Delaware Yes47 more rows
Corporate bylaws are legally required in Virginia. The law doesn't specify when bylaws must be adopted, but usually this happens at the organizational meeting.
They set clear expectations and govern how often board meetings are held, how voting works, how new board members get elected, and how the company can issue new shares. US law requires that most corporations have bylaws.
I have changed my business name. Can I change my business license, or do I need to file for a new one? You can request a name change update to your existing account via email at dtappdbusiness@fairfaxcounty or on the BPOL portal.