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 The Corporation For National And Community Service In Nevada
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Non-profit entities organized pursuant to NRS Chapter 82 are not required to have a State Business License. Non-profit entities organized pursuant to NRS 81 must file the Declaration of Eligibility for Exemption form along with their initial or annual list.
NRS 82.271 Meetings of board of directors or delegates: Quorum; consent to action taken without meeting; alternative means for participating at meeting.
Any number of offices may be held by the same person unless the articles or bylaws provide otherwise, except that no person serving as the secretary, the treasurer, or the chief financial officer may serve concurrently as the president or chair of the board.
Recruit Incorporators and Initial Directors You will need at least one, but can have more than one. Directors make up the governing body of your nonprofit corporation and are stakeholders in your organization's purpose and success. You'll want to identify three, unrelated individuals to meet IRS requirements.
Does Nevada Require Corporate Bylaws? No. NV Rev Stat § 78.046 describes some of the powers bylaws can have, but it doesn't mandate that corporations adopt bylaws. Even so, bylaws are essential legal documents for corporations.
Chapter 78 - Private Corporations. NRS 78.315 - Directors' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.
Some of the disadvantages are slightly higher filing and business license fees than other states, and the commerce tax for business with over $4 million of Nevada gross revenue.
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.