This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Illinois Certificate of Directors as to Contents of the Bylaws of the Corporation
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Identify if your company will use a corporate seal. Having a corporate seal is no longer mandatory by Illinois statute, but including this language will document the fact that the company either does or does not use a seal. WAIVER OF NOTICE: Identify whether notices of meetings can be waived in writing.
Characteristics of Business Organizations ABMust create bylaws or operating proceduresCorporationDoes not even require a business nameSole ProprietorshipThe majority of U.S business nameSole ProprietorshipMust register the business name and the names of all ownersPartnership8 more rows
Corporate bylaws are legally required in Illinois. Illinois statute §805 ILCS 5/2.20 requires that bylaws be adopted either by shareholders at the first shareholder meeting or by directors at the initial director meeting.
A ?professional corporation? is a corporation organized under the Professional Service Corporation Act solely for the purpose of rendering one category of professional service or related professional services and which has as its shareholders, directors, officers, agents and employees (other than ancillary personnel) ...
Directors. There must be at least three directors. They do not have to be Illinois residents or corporation members. You may list between three and seven directors on the Articles of Incorporation.
The bylaws of a company are the internal rules that govern how a business is run. They're set out in a formal written document adopted by a corporation's board of directors and summarize important procedures related to decision-making and voting.
Domestic BCA: Any company that files Articles of Incorporation in the State of Illinois under the Business Corporation Act of 1983, as amended is considered a domestic corporation in the State of Illinois.
Director information Minimum number. Corporations must have one or more directors. Residence requirements. Illinois does not have a provision specifying where directors must reside. Age requirements. Directors must be at least 18 years old. Inclusion in the Articles of Incorporation.