Corporate Bylaws For Shareholders In Nevada
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FAQ
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.
NRS 78.1955 Establishment of matters regarding class or series of stock by certificate of designation.
For detailed formation steps, see our Nevada LLC formation guide. Step 1 – Choose a name. Step 2 – Choose a registered agent. Step 3 – File Nevada Articles of Organization. Step 4 – Create an operating agreement. Step 5 – Apply for an EIN. Step 6 – Apply for S Corp status with IRS Form 2553.
The Nevada Business Corporation Act allows businesses to be formed to conduct any lawful business. The act allows for a corporation to serve a purpose aside from those stated in the articles of corporations.
There are only five states (Delaware, Kansas, Nevada, North Dakota, Oklahoma) that do not require you to keep minutes. So unless you are in one of those states, you definitely need to make sure you are keeping proper corporate minutes.
Chapter 78 - Private Corporations. NRS 78.315 - Directors' meetings: Quorum; consent for actions taken without meeting; alternative means for participating at meeting.
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.
