![]() ![]() During this meeting, the initial directors of the business will adopt the corporate bylaws, set the fiscal year, and appoint corporate officers. The first meeting of the board of directors is an important time in the life cycle of a corporation. This kit provides you with the internal documents required to fulfill your corporate formalities and properly operate your business after incorporating. If you are not sure how to create corporate bylaws, you can purchase M圜orporation's customized Minutes and Bylaws Package. In addition to management, bylaws specify details about ownership rights, annual meetings, and the addition or removal of officers and directors. They cover how directors are elected, meetings are organized, and officer roster and summary of duties. Bylaws allow a business to maintain consistency in the way it operates and communicate organizational rules to help avoid conflicts and disputes. Corporate bylaws are not submitted to the state.Īll Delaware corporations must adopt a set of corporate bylaws. ![]() They are typically drafted by the corporation's founder or directors. You may submit the entity forms with the help of Delaware's Document Upload Service or print the forms out and mail them in.Ĭorporate bylaws are a detailed set of rules agreed upon and adopted by the board of directors after a corporation is formed, that specify the internal management structure of the corporation. Name and mailing address of the Delaware corporation's incorporator.List of total number of authorizes shares for the corporation and the value assigned to each stock.The name and street address of the Delaware registered agent.An abbreviation of one of these words is also considered acceptable use. This name must also include one of the following words: association, company, corporation, club, foundation, fund, incorporated, institute, society, union, syndicate, or limited. What information should be included in the Articles of Incorporation?Īs stated in the template example, you must include the following information: It should be used to help correctly complete an Incorporation Certificate. Please note that the hyperlinked PDF is a form for template use only. In order to form a Delaware Corporation, particularly one that issues stock, you must complete and file a Certificate of Incorporation (PDF)(88.5 KB) Opens in a new window with the Delaware Division of Corporations. This is why many business owners opt for a third-party registered agent service such as M圜orporation to act as a registered agent on behalf of their business.įor a full list of registered agents in Delaware Opens in a new window, please visit the Delaware Division of Corporations. It is also common for the registered agent to become a target of spam or robocalls since this private information is relatively easy to obtain.Īnother issue that may arise is that in the case of a lawsuit, these documents would be hand delivered directly to the registered agent, and in the case that you used your business location for this purpose, this could occur in front of your customers. This can cause privacy concerns for business owners who do not wish to list their personal contact information on the internet for everyone to see. It should be noted that registered agent information is made publicly available. Why designate a third party to act as my registered agent? This means a member of the corporation can act as the registered agent if desired, or a third-party registered agent service like M圜orporation can be used. Box is not allowed as a registered agent address. The registered agent must have a physical address in Delaware. A registered agent acts as the state's means to communicate with a business and is responsible for receiving legal and official documents related to the business.Ī registered agent can be anyone you wish, with one small caveat. Most states require that you designate a registered agent for your business, and Delaware is no exception. ![]()
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