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 A Corporation Formation In Salt Lake
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State:
Multi-State
County:
Salt Lake
Control #:
US-00444
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Word;
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FAQ
Administrative dissolution is an action taken by the Secretary of State that results in the loss of a business entity's rights, powers and authority.
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.
Corp Election teps for Corporations tep 1 Name your Utah corporation. tep 2 Appoint directors. tep 3 Choose a Utah registered agent. tep 4 File the Utah Articles of Incorporation. tep 5 Create corporate bylaws. tep 6 Draft a shareholder agreement. tep 7 Issue shares of stock.
7 Steps to dissolve your Corporation in Utah: Step 1: Review your Corporation Operating Agreement and State Laws. Step 2: File the necessary dissolution documents. Step 3: Resolve outstanding debts and obligations. Step 4: Notify tax authorities an cancel licenses. Step 5: Distribute remaining assets to members.
How do I file the Utah Articles of Incorporation? Mail: Division of Corporations and Commercial Code. PO Box 146705. Salt Lake City, UT 84114-6705. In person: Division of Corporations and Commercial Code. 160 E. 300 S. 2nd Floor. Salt Lake City, UT 84111. Fax: (801) 530-6438.
Information: For information on filing business names or qualifying corporations, limited liability companies, limited partnership, limited liability partnerships or other entities in Utah, call (801) 530-4849.
Corp Election teps for Corporations tep 1 Name your Utah corporation. tep 2 Appoint directors. tep 3 Choose a Utah registered agent. tep 4 File the Utah Articles of Incorporation. tep 5 Create corporate bylaws. tep 6 Draft a shareholder agreement. tep 7 Issue shares of stock.
Business Judgment Rule Where a director's decision is a reasonable one in light of all the circumstances about which the director knew or ought to have known, courts will not interfere with that decision.
Most management actions are protected from judicial scrutiny by the business judgement rule: absent bad faith, fraud, or breach of a fiduciary duty, the judgement of the managers of a corporation is conclusive.