Ohio Corporate Bylaws
Description
How to fill out Corporate Bylaws?
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FAQ
Your Ohio corporate bylaws are official legal documents, which means you can use them in a court of law to prove your limited liability status, or show how your corporation functions. It also means you're subject to legal ramifications if you don't follow your bylaws.
A corporation must file Articles of Incorporation (Articles) with the Ohio Secretary of State before it transacts business in Ohio.
Director information The following are Ohio's requirements for directors of corporations: Minimum number. Corporations must have not less than three directors, unless there are only one or two shareholders. In such case the number of directors may be less than three but not less than the number of shareholders.
Does Ohio require corporate bylaws? Ohio Rev Code § 1701.11 states that a corporation's directors MAY adopt regulations. But Ohio statutes don't explicitly state that bylaws or regulations are required. However, bylaws are essential for a well-functioning corporation.
Corporations are required to have not less than three directors unless (1) shares have not been issued, then the number can be one or two, (2) the corporation has one shareholder, then the number can be one or two, or (3) the corporation has two shareholders, then the number can be two.
Ohio Revised Code section 1701.591 requires close corporations to have a close corporation agreement. This agreement must be approved by every single shareholder of the company.
To form an Ohio corporation, you must file articles of incorporation and an appointment of statutory agent with the secretary of state, as well as pay a filing fee. Your corporation exists as soon as you file the articles, unless a later date is specified.
(A) The officers of a corporation shall consist of a president, a secretary, a treasurer, and, if desired, one or more vice-presidents and such other officers and assistant officers as may be deemed necessary.