If you want to make sure your business runs smoothly and all the employees and officers adhere to the same rules, consider composing Delaware Corporate Bylaws. Although this document is not obligatory, it will state the legal and mailing address of the entity, record the names of the officers, establish the standards and procedures the organization will follow, describe the structure of the company which will be useful both for new employees and for the management in case there is an issue with the chain of command, indicate the process of setting up a meeting of the board of directors, and explain how to amend the existing documentation of the organization, including the bylaws.
In case the company ever needs to prove its legitimacy to a third party like a financial institution or a potential business partner, you can show them the bylaws to demonstrate how the organization is operated. Additionally, it should be available to the tax authorities and other entities that will review your internal corporate records.
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