What are the bylaws
Bylaws serve as the basic operating rules of a corporation. A company's
Certificate of Incorporation is typically quite brief, and provides no
administrative guidance...
Bylaws serve as the basic operating rules of a corporation. A company's
Certificate of Incorporation is typically quite brief, and provides
no administrative guidance.
While bylaws, by comparison, address many of a corporation's administrative
matters and be quite voluminous. Bylaws frequently contain a relatively
succinct digest of your state General Corporation Law as it pertains
to many aspects common and unusual of corporate operations.
It is a good idea to become as familiar as possible with the bylaws
for the corporation with which you work. This is true even if you
are already familiar with the bylaws of other corporations, which
may be very similar.
There will inevitably be many instances in which the bylaws seem
unclear, or simply do not cover the situation at hand. In such cases,
you should consult legal counsel. Whenever practicable, it is simpler
to get a question resolved before action has been taken than to
rectify mistakes already made.
Download a bylaw
template here (MS Word Format)
