Bylaws Of The Corporation Form Of Business Ownership In Florida

State:
Multi-State
Control #:
US-00444
Format:
Word; 
Rich Text
Instant download

Description

This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
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FAQ

For example, every corporation must appoint directors and corporate officers (President, Secretary, Treasurer, etc.).

How to Form a Corporation in Florida Choose a Corporate Name. Appoint a Registered Agent. File Articles of Incorporation. Prepare Corporate Bylaws. Appoint Directors and Hold the First Board Meeting. Issue Corporate Stock. File an Annual Report. Obtain an EIN and Comply With Tax Requirements.

In Florida, a corporation is only required to have at least one director, however you are permitted to have more. That same person may also be the only shareholder and officer.

Corporate bylaws are legally required in Florida. Florida law requires corporations to adopt bylaws.

Action by directors without a meeting. (1) Unless the articles of incorporation or bylaws provide otherwise, action required or permitted by this act to be taken at a board of directors' meeting or committee meeting may be taken without a meeting if the action is taken by all members of the board or of the committee.

Florida corporations must have one or more directors. Residence requirements. Directors do not have to be residents of Florida.

Under Florida law, a corporation must have at least one director. Directors must be at least eighteen years old. Directors need not be residents of Florida or shareholders of the corporation, unless the articles of incorporation so require.

A corporation is an independent legal entity that exists separately from the people who own, control and manage it. It does not dissolve when its owners (or shareholders) die because it is considered a separate “person.”

In Florida, there are two main forms of transferring ownership of a corporation – gradual sales and outright sales. When someone transfers ownership of a corporation via gradual sale, the buyer receives the shares over a pre-determined period, while he/she is still paying the installments.

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Bylaws Of The Corporation Form Of Business Ownership In Florida