Florida Corporate Bylaws
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How to fill out Corporate Bylaws?
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FAQ
A corporation's bylaws, also called company bylaws or just bylaws, are a legal document setting forth key rules and regulations governing the corporation's day-to-day operations. By articulating the procedures management must follow, these rules help ensure a corporation runs smoothly, efficiently, and consistently.
Under Florida law, a corporation must have at least one director. Directors must be at least eighteen years old. Directors need not be residents of Florida or shareholders of the corporation, unless the articles of incorporation so require.
The officers of the corporation shall be a chief executive officer, a president, a vice president, a secretary, a treasurer, and any other officers and assistant officers as may be deemed necessary, and as shall be approved, by the board of directors. Any two or more offices may be held by the same person.
Corporate bylaws are legally required in Florida. Florida law requires corporations to adopt bylaws. ing to FL Stat § 607.0206, incorporators, directors or shareholders shall adopt initial bylaws for their corporation.
Any number of offices may be held by the same person unless the articles or bylaws provide otherwise, except that no person serving as the secretary, the treasurer, or the chief financial officer may serve concurrently as the president or chair of the board.
Yes. A single individual may simultaneously serve as President, Secretary and Treasurer. This is common in small corporations.
The Corporate Secretary is often not a board member. They do not even need to be a shareholder in the corporation.
Yes, one person may be President, Secretary, or Treasurer (or any combination of officers) of the corporation as well as the sole Director of a Florida corporation.