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Director Screen: A minimum of one director is required. A director must be a natural person; there are no residency requirements for directors. Only persons duly licensed in Texas to render the professional service for which the corporation is organized may serve as directors or officers.
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.
Corporate bylaws are legally required in Texas. Texas law states that the board of directors must adopt initial bylaws for a corporationper TX Bus Orgs 21.057 (2019).
Director Screen: A minimum of one director is required. A director must be a natural person; there are no residency requirements for directors. Only persons duly licensed in Texas to render the professional service for which the corporation is organized may serve as directors or officers.
Articles of incorporation, which is the primary document and typically regulates the corporations activities including its powers and objectives. Corporate bylaws, which regulate the company in relation to its internal management and affairs. This includes board meeting procedures and entitlements to dividends.
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The Texas Business Organizations Code requires that for-profit corporations and professional corporations have at least one director, one president, and one secretary.
The purpose of bylaws for corporations is to establish the companys management structure, procedures, and dispute resolution processes. This legally binding document serves as an operating manual for the corporation and is developed by its board of directors.
Some of the most essential elements that need to be included in a draft bylaw are your organizations name and purpose, information about memberships, the roles and duties of board members, how to handle financial information, and an outline of how to keep the bylaws up to date or amended.
The purpose of bylaws for corporations is to establish the companys management structure, procedures, and dispute resolution processes. This legally binding document serves as an operating manual for the corporation and is developed by its board of directors.
Youll also need corporate bylaws and resolutions signed by the board of directors, though these documents dont need to be filed with the Secretary of State. Your bylaws explicitly state the rights and responsibilities of the shareholders and directors and govern how your corporation will be run.

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