Correct name in the Bylaws Template

Aug 6th, 2022
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How to correct name in the Bylaws Template

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hey what is going on everybody it is me attorney Hattie harp and welcome to another edition of business planning chat today I want to talk about a question that came along from a client this week they have an existing LLC that they formed a couple months ago but now that theyre about to get ready to launch they just want a new legal name and so their question was do I have to form a new LLC in order to change the name or is there another way to change the legal name without forming a new LLC and luckily for everyone here in the state of Michigan you are going to be able to change the legal name of your LLC without having to form a new one you simply will file an amendment to your articles of organization specifying the new name that you want and moving forward you are going to be known as that new legal name so if someone searches your new name on the online database not only are they going to see your new name but theyre also going to see that up until a certain date you were actual

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The bylaw revision proposal should include: A statement of the purpose and rationale for the proposed changes. A side by side presentation of the proposed changes. The left column should show the current text and the right column the proposed strikeouts and/or revisions.
Below is a five-step system that you can use to get started. Consider When to Update Your Bylaws. Review Your States Laws. Draft the Amendment. Review and Follow Procedures for Updates. Submit Amendments to Government Agencies.
The amendment is then presented, discussed, and voted upon. In contrast, a revision is used when changes are so extensive and general that they are scattered throughout the document (or documents). Unlike an isolated amendment, a revision is a substitution of a new document.
10 steps for writing bylaws for an association Research. Form a committee. Create the structure. Outline your organizations key roles and responsibilities. Establish your meeting rules. Define your membership. Address finances. Outline the amendment process.
Usually, amendments are presented at annual meetings and conventions, and require a two-thirds vote of those voting and notice given in advance at a time period listed, or three-fourths vote of those voting if no notice has been given.
Nonprofit bylaw amendment While changes to your nonprofit organizations bylaws do not require filing at the state level, you will still need to notify the IRS. This can be done with the Form 990, annually, at tax time.

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