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Making a Corporate Bylaws
Corporate bylaws specify how your company will conduct its affairs. Even if your state does not require corporate bylaws, it is a good idea to have them in place because they will ensure the business runs smoothly and that everyone involved is on the same page.
Corporate bylaws define a corporation's purpose and how it will operate. This document details the duties and responsibilities of the people who own and manage a corporation, and it describes how stock is issued by the corporation. Corporate Bylaws also let you specify shareholder ownership rights, select officers and directors, plan annual meetings, and establish how to remove officers or directors.
Bylaws are usually written by the incorporator shortly after filing their articles of incorporation. Bylaws can also be created by the board of directors as one of their early official actions.
Typically, a Corporate Bylaws document will include:
No, they are not the same thing. An Articles of Incorporation document establishes the existence of a corporation and includes information such as the name of the corporation, name and address of the registered agent, type of corporate structure, and number and type of authorized shares.
On the other hand, bylaws define your business' structure and specify how the corporation will conduct its affairs by outlining how meetings will be conducted, how directors will be elected, etc.
Last reviewed or updated 08/26/2021