This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of A Corporation Formation In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00444
Format:
Word;
Rich Text
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FAQ
Corporate bylaws are legally required in Texas. Don't mess with Texas—skipping this step could have serious consequences.
The limited liability company ( LLC ) is not a partnership or a corporation but rather is a distinct type of entity that has the powers of both a corporation and a partnership.
You can file your certificate of formation online or by mail. Texas accepts this filing online via SOSDirect, the state's official portal for e-filing formation documents and other entity-related matters, such as a change of the registered agent and a change of the principal place of business.
LLC vs Corporation: Governance and Management Texas law also requires corporations to keep certain records, including written minutes of shareholder and director meetings. In contrast, an LLC affords members the flexibility to decide their own management structure and governance.
Corporate bylaws are a company's foundational governing document. They lay out how things should run day-to-day and the processes for making important decisions. They serve as a legal contract between the corporation and its shareholders, directors, and officers and set the protocol for how the organization operates.
There are quite a few benefits to forming a Texas LLC. Whether you're seeking a lower tax burden, more credibility, or personal asset protection, a limited liability company might be a good fit for your needs.
Corporations are legally required to adopt bylaws in Texas – Section 21.057 of the Texas Business Organizations Code states that the board of directors of a corporation shall adopt initial bylaws. So, if your company gets caught in a legal battle without bylaws, you could face some serious legal consequences.
Your bylaws should help you resolve internal conflict, and demonstrate your commitment to responsibly managing donations to both the IRS and the general public. Not all states require nonprofits to draft these governing documents, but Texas does.
