Jacksonville Sample Bylaws for a Florida Professional Corporation
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How to fill out Sample Bylaws For A Florida Professional Corporation?
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FAQ
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.
Step 1: Make sure all shareholders are qualified under Florida law. In Florida, shares of a professional corporation can only be owned by a PC, a PLLC, or a licensed individual authorized to provide that specific professional service.
(1) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation unless that power is reserved to the shareholders by the articles of incorporation.
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.
Here are eight key things to include when writing bylaws. 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.
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.
Pretty much anyone can form a regular corporation. Professional corporations, however, are more limited, as only certain professional groups can form one. Which professions qualify varies from one state to the next, but typical professions include doctors, attorneys, chiropractors, accountants, and similar trades.
In Florida, individuals that hold Florida professional licenses may structure their business as a Florida professional limited liability company or PLLC. This classification provides certain liability protections regarding the licensed profession similar to the advantages of an LLC.
In Florida, professional corporations are governed by the Florida Professional Service Corporations and Limited Liability Companies Law (Title XXXVI, Chapter 621, Florida Statutes) and Florida Business Corporation Act (Title XXXVI, Chapter 607, Florida Statutes).
Florida corporate law does not set requirements for the number and types of corporate officers you should appoint. The only requirement is to have at least one officer who will be responsible for preparing the minutes of director and shareholder meetings and authenticating the corporation's records.
