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Bylaws required? No, the state of Ohio does not require the adoption of corporate bylaws; however, it is a recommended practice as it provides clear guidelines for company management.
Ohio corporate bylaws are put in place to detail how a new corporation will govern its internal operations. Commonly used provisions include the manner and frequency in which meetings are held, the number of directors or shareholders needed for the corporate purpose, dissolution, indemnification, and the issuance of stock certificates.
Ohio corporate bylaws are put in place to detail how a new corporation will govern its internal operations. Commonly used provisions include the manner and frequency in which meetings are held, the number of directors or shareholders needed for the corporate purpose, dissolution, indemnification, and the issuance of stock certificates.