Ohio Rev Code § 1701.11 states that a corporation's directors MAY adopt regulations. But Ohio statutes don't explicitly state that bylaws or regulations are required. However, bylaws are essential for a well-functioning corporation.
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An Ohio nonprofit needs a board of directors to oversee operations. The State of Ohio requires nonprofits to have at least three directors on the board. The nonprofit board positions of president, secretary, and treasurer must be filled, but do not need to be held by directors.
Ohio allows you to serve as your own agent as long as you meet the requirements. You can also ask a friend or family member to fill this role.
Name Your Organization. Name Incorporators and Directors. Appoint a Registered Agent. File Ohio Articles of Incorporation. File an Initial Annual Report. Apply for an Employer Identification Number. Hold Organization Meeting and Establish Nonprofit Bylaws. Apply for Federal and Ohio State Tax Exemptions.
How many directors do you need for a nonprofit in Ohio? Ohio law requires nonprofit corporations to have a minimum of three directors. However, organizations may choose to have more directors to bring diverse perspectives and expertise to the board members.
The IRS generally requires a minimum of three board members for every nonprofit, but does not dictate board term length. What is important to remember is that board service terms aren't intended to be perpetual, and are typically one to five years.
In general, most private companies have between three and nine directors. But a young startup might have just one or two board members, and a more mature company might have 10 or more. Most companies have an odd number of board members to avoid voting ties.