Corporations Code - CORP. TITLE 1 - CORPORATIONS. DIVISION 1 - GENERAL CORPORATION LAW.
1. DIRECTORS: Not less than three, unless there are only one or two shareholders of record, in which case the number of directors may be less than three but not less than the number of shareholders. 2. OFFICERS: The three required positions are President, Secretary and Treasurer.
There's also the fact that if you don't list the number of directors in your Articles of Incorporation, you're legally required to list that information in your bylaws (see California Corp Code § 212). The bottom line: corporate bylaws are not legally required, but they're pretty much essential for your corporation.
Use Form 109, California Exempt Organization Business Income Tax Return, to figure the tax on the unrelated business income of the organization. Filing Form 109 does not replace the requirement to file Form 199, California Exempt Organization Annual Information Return, or FTB 199N.
LLCs are not required to have bylaws. However, they are governed by an operating agreement which is like a corporation's bylaws.
C corporations require a strict governance structure: shareholders, directors and officers. All state C corporation statutes require a very strict governance structure, which includes having shareholders, a board of directors and officers. Each of these titles carries its own roles and responsibilities.
The FTB wants to verify the dependents you claimed on your tax return. You need to send them the information they requested with a copy of the letter.
Use Form 199 to report information relevant to maintaining your tax-exempt status. Most tax-exempt organizations are required to file Form 199 or FTB 199N. Some types of organizations do not have a filing requirement. Form 199 is used by the following organizations: Organizations granted tax-exempt status by the FTB.
To switch articleship from one CA firm to another, the student must fill out Form 109 for Articleship Transfer. This form needs to be signed by the CA they're currently training under. The Institute of Chartered Accountants of India (ICAI) won't approve a transfer request without the CA's consent.