Professional Corporation Georgia

A limited liability company (LLC) is not required to have bylaws. Bylaws, which are only relevant to businesses structured as corporations, include rules and regulations that govern a corporation's internal management.Alternatively, LLCs create operating agreements to provide a framework for their businesses.

The California professional corporation bylaws were created to provide services in professions that require a state license in order to practice.The bylaws may be for either a C corporation or an S corporation.

Basic Corporate Information. The bylaws should include your corporation's formal name and the address of its main place of business. Board of Directors. Officers. Shareholders. Committees. Meetings. Conflicts of Interest. Amendment.

Bylaws generally define things like the group's official name, purpose, requirements for membership, officers' titles and responsibilities, how offices are to be assigned, how meetings should be conducted, and how often meetings will be held.

Similarly, corporations (S corps and C corps) are not legally required by any state to have an operating agreement, but experts advise owners of these businesses to create and execute their version of an operating agreement, called bylaws.

An S Corporation is required by state law to adopt bylaws that govern the corporation's internal management and the rights of the shareholders.

A professional corporation is a variation of the corporate form available to entrepreneurs who provide professional servicessuch as doctors, lawyers, accountants, consultants, and architects.In a professional corporation, the owners perform services for the business as employees.

Unlike many states, Georgia does not require you to state the purpose of your corporation.Bylaws are not required for incorporation and are not filed with the Secretary of State. However, after the articles of incorporation are filed, the directors or incorporators must meet and adopt bylaws.

Corporate bylaws commonly include information that specifies, for example, the number of directors the corporation has, how they will be elected, their qualification, and the length of their terms. It can also specify when, where, and how your board of directors can call and conduct meetings, and voting requirements.