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California corporate bylaws are the agreed-upon rules for your corporation's operations. Bylaws create an organizational structure for your company and outline policies for appointing directors and officers, holding shareholder and board meetings, and handling conflicts of interest, among other issues.
Hear this out loud PauseAll corporations must use one of the following in their names, usually at the end of the name: ?Incorporated,? ?Corporation,? ?Limited? or their abbreviations.
Hear this out loud PauseA ?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) ...
Hear this out loud PauseBoard approval, either by written consent or at a board meeting (for more about the differences between board consents and board meetings, please see our article), is required for every issuance of a security, whether that security is common stock, preferred stock, a warrant, an option or a note that is convertible ...
Hear this out loud PauseCorporate bylaws are legally required in Illinois.