{"id":2948,"date":"2023-04-13T12:02:09","date_gmt":"2023-04-13T17:02:09","guid":{"rendered":"https:\/\/s046.wptstaging.space\/elking\/?p=2948"},"modified":"2024-03-11T11:27:00","modified_gmt":"2024-03-11T16:27:00","slug":"s-corp-bylaws","status":"publish","type":"post","link":"https:\/\/s046.wptstaging.space\/elking\/s-corp-bylaws\/","title":{"rendered":"Understanding S Corp Bylaws + Free Template"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2948\" class=\"elementor elementor-2948\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-76a40c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"76a40c6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a37dc14\" data-id=\"a37dc14\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6208b88 elementor-widget elementor-widget-text-editor\" data-id=\"6208b88\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When starting a women-owned or minority-owned new business, securing the right legal structure for your business is critical.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The most common business structures today are:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporation (such as an S Corporation or C Corporation)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\">Limited Liability Company (\u201cLLC\u201d)<\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sole proprietorship<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partnership<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited Partnership<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nonprofit corporations<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">The type of business structure you choose will determine how much liability protection you have, how taxes apply to your business, and how your business is run. It is important to choose the right business structure for your company in order to <\/span><b>protect yourself and your assets<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">For this guide, it is assumed that you have chosen a corporate business structure to meet your goals, and you are now gathering the right documentation you need to fulfill your legal requirements, such as your corporate bylaws. \u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">This<\/span>\u00a0is an overview of what should be included in your bylaws and a\u00a0<a href=\"https:\/\/docs.google.com\/document\/d\/1ed-glS5rJLH9yY8oJJP39MbSoivVzpMRFlOrvz3Q-xs\/edit?usp=share_link\">sample S Corp bylaws template<\/a> for you to modify.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a4cd22 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"4a4cd22\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9f4c3e4\" data-id=\"9f4c3e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-010b39b elementor-widget elementor-widget-bridge_message\" data-id=\"010b39b\" data-element_type=\"widget\" data-widget_type=\"bridge_message.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class='q_message ' style='background-color: #F4A1A11A;'><div class='q_message_inner'><a href='#' class='close' aria-label='Close message'><i class='fa fa-times' style=''><\/i><\/a><div class='message_text_holder'><div class='message_text'><div class='message_text_inner'><p><span style=\"font-weight: 400;\">It is important to note that these guidelines should not be a replacement for professional legal and financial counsel. To ensure you are completely aware of the potential legal, business, tax and monetary implications resulting from establishing your business as a corporation, it is recommended that you seek assistance from a qualified attorney and accountant.<\/span><\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-53ab2a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"53ab2a7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e31b2c\" data-id=\"6e31b2c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-04f54de elementor-widget elementor-widget-text-editor\" data-id=\"04f54de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>What is an S Corp?<\/h2><p><span style=\"font-weight: 400;\">An S-Corporation (\u201cS Corp\u201d) is a type of corporation with<\/span><span style=\"font-weight: 400;\">\u00a0limited liability protection and pass-through taxation. <\/span><\/p><p><span style=\"font-weight: 400;\">An S Corp provides shareholders with limited liability protection from debts and obligations of the business, which means that if the business fails, creditors cannot seize the personal assets of shareholders. Furthermore, the earnings and losses of an S-Corp are taxed at the individual level rather than at the corporate level. <\/span><\/p><p><span style=\"font-weight: 400;\">This means that taxes are only paid on what income is distributed to shareholders while avoiding double taxation on corporate profits.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8821e3e elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"8821e3e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3995a88\" data-id=\"3995a88\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36ac05e elementor-widget elementor-widget-text-editor\" data-id=\"36ac05e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>What are S Corp Bylaws?<\/h2><p><span style=\"font-weight: 400;\">S Corp bylaws are a legal document that sets out the internal rules and procedures of a corporation. Bylaws typically include provisions for the following items:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The roles and responsibilities of the corporation&#8217;s directors, officers, and shareholders<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procedures for electing directors and officers<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Guidelines for holding corporate meetings and shareholder meetings<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rules for cash and non-cash distributions<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procedures for amending the bylaws<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Bylaws are crucial for any corporation, as they help ensure a smooth and efficient governance structure.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-846ce1c elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"846ce1c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e38ebf\" data-id=\"4e38ebf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-69e83ba elementor-widget elementor-widget-text-editor\" data-id=\"69e83ba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Why are S Corp Bylaws Essential?<\/h2><p><span style=\"font-weight: 400;\">As a business owner, the primary reason for having bylaws is to clearly outline the roles and responsibilities of officers, directors, and shareholders. This helps reduce confusion and potential legal disputes, as everyone knows what is expected of them. Bylaws also provide a legal framework for the corporation&#8217;s operations, which is an important step to protect its owners and operators from liability.<\/span><\/p><p><span style=\"font-weight: 400;\">Additionally, bylaws are a requirement for incorporation in many states, including Illinois.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b365a8a elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"b365a8a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-413bdd9\" data-id=\"413bdd9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b6ff4df elementor-widget elementor-widget-text-editor\" data-id=\"b6ff4df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>What Should Be Included in S Corp Bylaws?<\/h2><p><span style=\"font-weight: 400;\">Bylaws can vary depending on the corporation&#8217;s needs and the state in which it is incorporated. However, there are still some standard provisions that should be included in the bylaws for an S Corporation.<\/span><\/p><p><span style=\"font-weight: 400;\">Your bylaws should include the following:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate name, address, and location of any offices or headquarters<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Statement of the corporation&#8217;s purpose<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of directors<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Description of corporate officers + directors and their corresponding duties\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rules for electing officers and directors<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procedures for holding shareholder + directors meetings, and any special meetings<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Specific requirements for an annual meeting + annual report<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Voting rights, methods and procedures<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rights of the shareholders<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Details about class of stock, stock issuance + ownership<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provisions for issuing additional shares<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Guidelines for distributing profits and losses<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rules governing indemnification of the corporation&#8217;s officers, directors, and shareholders<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procedures for amending the bylaws<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Inspecting and preparing corporate records<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Procedures for dissolving the corporation<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bb57bd elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"7bb57bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d76c481\" data-id=\"d76c481\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0c01e66 elementor-widget elementor-widget-text-editor\" data-id=\"0c01e66\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Tips for Women and Minority Business Owners<\/h2><p><span style=\"font-weight: 400;\">As women and minority business owners in Illinois, there are some specific considerations to keep in mind when drafting bylaws for your S Corporation.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Here are some tips when crafting your S Corpation bylaws:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"> Your company should be at least 51% owned by women\/minorities if you want to later apply for any WBE or MBE certifications.<\/span><\/li><li aria-level=\"1\">Consider including provisions that support diversity and inclusion within the corporation such as:<ul><li aria-level=\"1\">Include language that sets the policy of non-discrimination and outlines equal opportunity procedures for minority and female employees.<\/li><li aria-level=\"1\">Establish goals and strategies to increase representation of minorities and women in management positions.<\/li><li aria-level=\"1\">Create a system of compensation equity in which salaries are regularly audited to ensure fairness between different demographic groups.<\/li><li aria-level=\"1\">Outline flexible work options such as part-time schedules and telecommuting arrangements that accommodate different employee needs.<\/li><\/ul><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Don&#8217;t forget to include provisions for how disputes will be settled. It&#8217;s always better to plan for disputes beforehand, so everyone knows what will happen if a conflict arises.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Consider seeking legal advice from attorneys specializing in minority and women-owned businesses. They can provide valuable insights and guidance on drafting your bylaws.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-05e8519 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"05e8519\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b1719b\" data-id=\"7b1719b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f358c06 elementor-widget elementor-widget-text-editor\" data-id=\"f358c06\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>S Corp Bylaws Template<\/h2><p><span style=\"font-weight: 400;\">Here is a free, downloadable corporate bylaws template:\u00a0<\/span>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3a6292 elementor-widget elementor-widget-bridge_icon\" data-id=\"b3a6292\" data-element_type=\"widget\" data-widget_type=\"bridge_icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span data-type=\"normal\"  class=\"qode_icon_shortcode  q_font_awsome_icon fa-5x pull-center q_icon_animation\" style=\" \"><a  itemprop=\"url\" href=\"https:\/\/docs.google.com\/document\/d\/1ed-glS5rJLH9yY8oJJP39MbSoivVzpMRFlOrvz3Q-xs\/edit?usp=sharing\" target=\"_self\"><span aria-hidden=\"true\" class=\"qode_icon_font_elegant icon_document_alt qode_icon_element\" style=\"\" ><\/span><\/a><\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b073361 elementor-widget elementor-widget-text-editor\" data-id=\"b073361\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This document is merely intended to be used as a resource; it should not be interpreted as legal advice. We strongly advise all users of the template to seek guidance from experienced legal counsel in order to ensure that the final version of their bylaws is legally sound and meets all necessary requirements, as it will impact your corporation&#8217;s governance and operations.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70d35b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"70d35b4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e5d9ed\" data-id=\"6e5d9ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68e86a5 elementor-widget elementor-widget-text-editor\" data-id=\"68e86a5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Conclusion<\/h2><p><span style=\"font-weight: 400;\">Creating S Corporation bylaws can be a complex and challenging process. However, by understanding the purpose and requirements of bylaws, women and minority business owners can create a legal framework that supports their corporation&#8217;s growth and success.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1dfeace elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"1dfeace\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-681069a\" data-id=\"681069a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dd737bd elementor-widget elementor-widget-text-editor\" data-id=\"dd737bd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>FAQ&#8217;s<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c32a7cf elementor-widget elementor-widget-toggle\" data-id=\"c32a7cf\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2041\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2041\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Does a corporation need bylaws?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2041\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2041\"><p>Yes, a corporation must have bylaws in order to be considered legally binding and operational.<\/p><p>Bylaws are essentially a set of rules that determine how a professional corporation is managed and run. It includes things like determining geographic scope, granting authority to corporate officers, setting up shareholder rights + management structure, etc.<\/p><p>It&#8217;s essential that corporations have legally-enforceable bylaws in place so that they can ensure their rights and responsibilities as a business entity are fulfilled. Additionally, you will need to present your bylaws to potential investors or to a government agency if you apply for WBE\/MBE certification.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2042\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2042\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Do corporate bylaws need to be signed?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2042\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2042\"><p>Yes, your corporation&#8217;s bylaws must be signed. Signing the bylaws serves as a way for all parties involved to formally acknowledge the contents of the document and agree to abide by its provisions.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2043\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2043\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Who signs bylaws?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2043\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2043\"><p>Generally, the board of directors is responsible for signing corporate bylaws.\u00a0<\/p><p>Additionally, depending on the laws of the jurisdiction that governs a corporation\u2019s operations, shareholders may also need to sign the bylaws as part of their own agreement with the company. Check the law of the state of incorporation for that state&#8217;s requirements.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2044\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2044\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How are S corporation bylaws different from other types of corporate bylaws?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2044\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2044\"><p>S corporation bylaws are different from other types of corporate bylaws in that they contain specific provisions that are unique to this type of corporation. For example, they must specify the number and classes of shares the company has available, as well as the types of powers given to shareholders and directors. Additionally, these bylaws may also include provisions regarding how a shareholder becomes eligible for dividends, how meetings and votes must be conducted, and what happens in the event of a merger or sale.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2045\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2045\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How can I tailor my S corporation bylaws to my company?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2045\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2045\"><p>Tailoring your S corporation bylaws to your specific company can help ensure that the rules and regulations within them are tailored to the needs of your business. This can include specifying how many directors are on the board, outlining shareholder responsibilities, detailing procedures for voting and meetings, setting up dividend distribution policies, defining qualifications for shareholders, and much more. Additionally, you may also need to incorporate clauses that take into account specific state laws or other unique circumstances pertinent to your company.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2046\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-2046\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How often do bylaws need to be updated?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2046\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-2046\"><p>It is important to regularly review and update your company bylaws to ensure that they are aligned with the current goals of the organization. Depending on the nature of your business, your board members may need to review and update your bylaws as often as annually or bi-annually. Additionally, it is a good idea to review them whenever there is a significant change to the company or its legal structure, such as changes in directors, shareholders, or other key personnel.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2047\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-2047\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How often can bylaws be changed?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2047\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-2047\"><p>Bylaws can be changed as often as needed, and it is recommended that the corporation&#8217;s board reviews them regularly.<\/p><p>Changes to the bylaws (and any other relevant corporate action) should be done in accordance with the rules laid out in the bylaws and the incorporation documents. The changes should be agreed upon by all shareholders and\u00a0 documented in writing. Be sure to keep a record of the initial bylaws.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2048\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-2048\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What are the consequences of not having S corporation bylaws?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2048\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-2048\"><p>Not having bylaws in place for an S Corporation can lead to a variety of consequences, ranging from legal issues to financial problems to losing your liability protection.\u00a0<\/p><p>Without official bylaws, the company does not have a clear understanding of how it should be managed and operated. Additionally, it could be difficult to prove that the shareholders and directors are acting as independent parties, which could make them liable for any misconduct or negligence on the part of the corporation. Having bylaws in place provides clearer guidelines and forms of accountability, helping to protect both the company and its shareholders from liability risks.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2049\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-2049\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Do I have to file my bylaws with the State of Illinois?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2049\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-2049\"><p>No, bylaws are not required to be filed with the state, however, they should be kept with other corporate records so they can be produced if needed during an audit.<\/p><p>When you register your corporation in Illinois, you must file the Articles of Incorporation with the Secretary of State. In terms of public records, this is what will establish the legal existence of your corporation in the state.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-20410\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-20410\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Where can I find bylaws of a corporation?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-20410\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-20410\"><p>Illinois does not require corporations to file their bylaws with the State. However, Illinois does require corporations to have bylaws at the corporation&#8217;s primary address.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-20411\" class=\"elementor-tab-title\" data-tab=\"11\" role=\"button\" aria-controls=\"elementor-tab-content-20411\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Where can I find more information on S corp bylaws in IL?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-20411\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"11\" role=\"region\" aria-labelledby=\"elementor-tab-title-20411\"><p>You can get more information about <a href=\"https:\/\/www.ilsos.gov\/publications\/pdf_publications\/c179.pdf\">organizing a corporation<\/a> on the <a href=\"https:\/\/www.ilsos.gov\/\">Illinois Secretary of State website<\/a>. You could also <a href=\"https:\/\/apps.ilsos.gov\/ContactFormsWeb\/businessservices_contact.jsp\">email<\/a> the Department of Business Services or call (217) 782-6961. To search current corporations and LLC\u2019s, you can search for a business name <a href=\"https:\/\/apps.ilsos.gov\/corporatellc\/\">here<\/a>.<\/p><p>Additionally, <a href=\"https:\/\/www.sba.gov\/business-guide\/launch-your-business\/choose-business-structure\">here is a helpful guide from the U.S. Small Business Administration<\/a> on various business structures.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-507fd32 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"507fd32\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-70dfa53\" data-id=\"70dfa53\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1e98545 elementor-widget elementor-widget-image\" data-id=\"1e98545\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.facebook.com\/groups\/ilgovcontracts\" target=\"_blank\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"179\" src=\"https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2024\/03\/Facebook-Group-Block-for-Blogs-1024x179.png\" class=\"attachment-large size-large wp-image-5221\" alt=\"Facebook group for Illinois businesses seeking government contract opportunities\" srcset=\"https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2024\/03\/Facebook-Group-Block-for-Blogs-1024x179.png 1024w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2024\/03\/Facebook-Group-Block-for-Blogs-300x52.png 300w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2024\/03\/Facebook-Group-Block-for-Blogs-768x134.png 768w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2024\/03\/Facebook-Group-Block-for-Blogs-700x122.png 700w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2024\/03\/Facebook-Group-Block-for-Blogs.png 1406w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8048e43 elementor-section-boxed elementor-section-height-default elementor-section-height-default parallax_section_no qode_elementor_container_no\" data-id=\"8048e43\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e647217\" data-id=\"e647217\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7603bac elementor-widget elementor-widget-image\" data-id=\"7603bac\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2023\/12\/3-683x1024.png\" class=\"attachment-large size-large wp-image-4319\" alt=\"S Corp Bylaws Comprehensive Guide\" srcset=\"https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2023\/12\/3-683x1024.png 683w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2023\/12\/3-200x300.png 200w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2023\/12\/3-768x1152.png 768w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2023\/12\/3-700x1050.png 700w, https:\/\/s046.wptstaging.space\/elking\/wp-content\/uploads\/2023\/12\/3.png 1000w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>When starting a women-owned or minority-owned new business, securing the right legal structure for your business is critical.\u00a0 The most common business structures today are:\u00a0 Corporation (such as an S Corporation or C Corporation) Limited Liability Company (\u201cLLC\u201d) Sole proprietorship Partnership Limited Partnership Nonprofit corporations&#8230;<\/p>\n","protected":false},"author":140240785,"featured_media":2962,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1456],"tags":[],"class_list":["post-2948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-starting-a-business"],"_links":{"self":[{"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/posts\/2948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/users\/140240785"}],"replies":[{"embeddable":true,"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/comments?post=2948"}],"version-history":[{"count":0,"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/posts\/2948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/media\/2962"}],"wp:attachment":[{"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/media?parent=2948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/categories?post=2948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/s046.wptstaging.space\/elking\/wp-json\/wp\/v2\/tags?post=2948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}