Corporate Bylaws are a detailed list of rules that establish the internal structure of the organization, in particular its management, and determine how the corporation will be run. This document is one of the first things you need to think about and create to set the standards of operation and everyday procedures your company will have to follow for years to come.
It must be prepared by the individual who initiated the process of incorporation or enacted by the corporation's board of directors once it begins its activity. The bylaws of a corporation address the most general matters and specify the duties of all members and officers. You can download a Corporate Bylaws template below.
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