By-laws describe the agreed rules governing the operations of the Professional Corporation.
Columbus Sample Bylaws for an Ohio Professional Corporation aka Professional Association
Category:
State:
Ohio
City:
Columbus
Control #:
OH-PC-BL
Format:
Word;
Rich Text
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Description
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FAQ
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.
A professional corporation is organized for the sole and specific purpose of rendering professional service. Professional corporations have only licensed individuals as its shareholders.
For the majority of states, the phrase ?professional association? is simply another way to reference a professional corporation. Thus, most ?professional associations? are, in-fact, merely professional corporations.
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.
These continuous requirements include those related to the following: Taxes. Corporations must file their annual tax returns. Securities. Corporations must issue stock as their security laws and articles of incorporation mandate. Bookkeeping.Board meetings.Meeting minutes.State registration.Licensing.
A professional association is usually organized as a nonprofit organization, and its members are all in the same industry or profession.
A professional association may render a particular professional service only through officers, employees, and agents who are themselves duly licensed, certificated, or otherwise legally authorized to render the professional service within this state.
Please note: A corporation's regulations, bylaws and other internal documents are not required to be filed with the Ohio Secretary of State's office. A corporation's Articles must include a business name.
A board of directors is a requirement for the operation of an Ohio nonprofit entity. This elected group serves as the governance of your organization in everything from finances to the nonprofit's mission.
Who is required to register with the Ohio Secretary of State? Any business entity, domestic or foreign, planning to transact business within Ohio, using a name other than their own personal name, must register with this office. Business entities must file the appropriate formation documents to register their business.