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IS A "C" CORPORATION REQUIRED TO HAVE AN OPERATING AGREEMENT…

IS A "C" CORPORATION REQUIRED...
IS A "C" CORPORATION REQUIRED TO HAVE AN OPERATING AGREEMENT WITH ITS SHAREHOLDERS OR OFFICERS?
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Answered in 1 minute by:
8/10/2017
Richard
Richard, Attorney
Category: Business Law
Satisfied Customers: 57,226
Experience: 32 years of experience practicing law and a businessman.
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Customer reply replied 1 year ago
Thank you.

Good morning. No. An operating Agreement is only applicable for a limited liability company. A C corporation would not have an operating agreement. A C corporation typically has bylaws which set forth corporate governance. Share ownership is evidenced by stock certificates. In addition, authority to act on behalf of the corporation is documented with corporate resolutions.

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