This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Corporation Without Bylaws In Sacramento
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Multi-State
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Sacramento
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US-00444
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It is important to realize, however, that bylaws are not required as a matter of law with one exception. Bylaws are required when the articles of incorporation do not specify the number of directors in a corporation.
As long as your business location and all business activity are conducted outside the City, there is no need to obtain a business license. If you are conducting business from your residence, or your residence is your business location, you will need to obtain and maintain a business license.
LLCs are not required to have bylaws. However, they are governed by an operating agreement which is like a corporation's bylaws.
LLCs are not required to have bylaws. However, they are governed by an operating agreement which is like a corporation's bylaws.
Whether the LLC is member managed or manager managed, the LLC may have officers, including a president, chief financial officer, and secretary. Corp C §17154. Officers, like managers, may, but need not, be members.
You need a General Business License if your business is located in the unincorporated area of Sacramento County (not in the boundaries of the cities of Sacramento, Folsom, Isleton, Galt, Citrus Heights, Elk Grove, or Rancho Cordova), unless your business is one of the very few that are exempt from licensing ...
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.
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.