When forming your corporation, one of the things you need to do is create a set of Corporate Bylaws. These bylaws will dictate how the business is run and the procedures your company will follow while in operation. Think of the bylaws as a set of rules that outline what your corporation can and cannot do.

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How to Create Corporate Bylaws

The complexity of your bylaws will largely depend on the size of your business, but the average corporation’s bylaws will cover the following:

  • The corporation’s name, address, and headquarters
  • The stock classes and the type of shares that the corporation issues
  • How many corporate officers and directors the corporation has
  • The procedure for holding shareholder and director meetings
  • The procedure for making amendments to the corporation’s bylaws and Articles of Incorporation
  • The procedure for keeping corporate records. This includes preparing and inspecting the records.
  • A Conflict of Interest Policy to protect the corporation from IRS penalties
New corporations can use our Corporate Bylaws template and modify it for their own purpose. If you’ve yet to incorporate, we can also help you through the process. 

Writing the Bylaws

In most cases, a new corporation’s bylaws are written by the incorporator. If the incorporator doesn’t know how to create bylaws, the board of directors may create the bylaws as one of their first actions.

While you’ll need to file your Articles of Incorporation with the Secretary of State, there’s no need to file your Corporate Bylaws with any kind of agency. Instead, this document should be kept with your company’s business records.

Future investors, creditors, and any entities that your company does business with may ask you to disclose your bylaws, so make sure that the document is easy to access.

Once the corporation’s bylaws have been created, every director, member, and officer should be given a copy and take the time to understand them.

Get started Start Your Incorporation Answer a few questions. We'll take care of the rest.

Get started Start Your Incorporation Answer a few questions. We'll take care of the rest.