Corporate Governance Documents
In Florida, depending on the legal structure, businesses must execute a variety of corporate governance documents in order to ensure that the business is adequately protected and in compliance with the law. In the State of Florida, the most common legal entities used for businesses include Sole Proprietorship, General Partnership (GP), Limited Partnership (LP), Limited Liability Company (LLC) and Corporation.
While not all legal structures require corporate governance documents, some of them do and can be complex. The corporate governance documents lay out the company’s operating procedures, the ownership structure and the relationship between the business owners. These documents include:
- Charter Documents and Bylaws for Corporations,
- Operating Agreements for limited liability companies (LLCs),
- Limited Partnership Agreements for limited partnerships (LPs),
- Partnership Agreements for general partnerships (GPs) and Joint Ventures (JVs)