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.
Every corporation chooses what to include in their bylaws which should be tailored to the particular needs of the company. However, this is how it is recommended to draft the Corporation Bylaws:
Once you have composed the Corporation Bylaws, you can keep them for your records as an internal guideline. There is no need to file this document with agencies or authorities - simply retain them with your business records and refer to them every time you have a conflict of interest within the corporation and need to check the hierarchy of your entity or when your business partners or creditors ask you to disclose this information in order to know more about your company's structure.
Still looking for a particular template? Take a look at the related templates below:
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