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Is operating agreement and bylaws the same thing?

Whats the difference in bylaws vs operating agreement? Bylaws are internal governing documents for corporations, while an operating agreement lays out internal operating procedures for an LLC.

Do Delaware companies have directors?

A Delaware corporation can, but is not required to, have a staggered board, with up to three classes of directors.

Are all companies required to hold an annual meeting?

Annual meetings are required by law for registered corporations but not for limited liability companies (LLCs). Even so, as an LLC owner, you might still want to hold an annual meeting to make sure your fellow owners are all on the same page and to get many aspects of your business in order.

Are corporate meetings mandatory?

Corporations typically hold several required formal meetings each year. The exact requirements vary depending on state laws and your corporations bylaws, but its important to follow these formalities to protect your corporate status and preserve your limited liability protection.

Do Delaware corporations need to have board meetings?

Is a minimum or set number of board meetings per year required by law, regulation or listing requirement? There is no minimum or set number of board meetings per year required by Delaware law. A corporations by-laws may provide for the number and frequency of meetings.

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