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What are the legal requirements for a 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.

What are the three officers that every corporation must have?

Commonly, and by law in many states, a corporation will have at least three officers: (1) a president, (2) a treasurer or chief financial officer, and (3) a secretary.

What is the purpose of corporate bylaws?

The bylaws set the rules on how meetings are called and scheduled, as well as how they should be conducted. This provides a way for the board to remain updated on the companys status and to address issues that concern the organization.

What are corporate bylaws?

Corporate Bylaws are a set of written rules used by a corporation to organize its internal management. Company bylaws also outline the policies and responsibilities for the shareholders, directors, and officers of a corporation.

Is a corporate seal mandatory?

Today, corporate seals are no longer required by state corporation laws. But they still are very useful, and many corporations still place their corporate seals on their important internal and external documents. And, in fact, many LLCs also use company seals on their important documents.

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