They are necessary. Your nonprofit does not need to file bylaws with the Texas Secretary of State, but they are required to obtain tax-exempt status with the IRS.
Disclosure Requirements Disclosure is mandated by law, often through public records and real property records. Before purchasing a home, buyers must receive a set of documents detailing the HOA's health, such as its covenants, conditions, restrictions, bylaws, rules, and financial statements.
Yes. Officers, directors, and shareholders are legally bound to follow their corporate bylaws and can face serious legal consequences if they do not.
The secretary of state does not maintain the bylaws or tax exempt filings of any nonprofit organization. Some organizations that have obtained tax-exempt status from the Internal Revenue Service are required to make certain documents available to the public.
Sec. 22.153. ANNUAL MEETING. (a) Except as provided by Subsection (b), a corporation shall hold an annual meeting of the members at a time that is stated in or determined in ance with the corporation's bylaws.
As Chief Elections Officer for Texas, the Secretary is responsible for ensuring the uniform application and interpretation of election laws throughout Texas as stipulated by the Texas Election Code — the “law of the land” for Texas voters, elections, voting systems, candidates, and political parties.
No, but signing them is a smart idea. We recommend having your officers and directors sign your bylaws to affirm that they sign on to your policies.
The state of Texas requires you to file Form 202 to incorporate a nonprofit organization and raise funds. Form 202 is the Texas certificate of formation for all nonprofits including 501(c)3. Unlike most states, 501(c)3 and other nonprofits do not have to register with the state before soliciting funds.
Non-U.S. corporations, LLCs, LPs and financial institutions must register with the secretary of state before transacting business in Texas. Such entities are subject to state franchise tax and federal income tax on certain income.
The secretary of state does not maintain the bylaws or tax exempt filings of any nonprofit organization. Some organizations that have obtained tax-exempt status from the Internal Revenue Service are required to make certain documents available to the public.