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Export date: Thu Mar 28 13:49:24 2024 / +0000 GMT

What are bylaws?


Whether for a corporation 1 or in any business or political setting, bylaws are the rules that govern the procedures of the particular entity. In a corporation, the bylaws is the set of rules which address, for example, when meetings will be held, and what the duties of the officers 2 are. Though it's a standard document for a corporation, some LLCs 3 will also choose to have bylaws separate from their operating agreement 4. Some bylaws are considered “off the shelf”, but your business, like any other, is unique, and therefore it's a document that should be reviewed and drafted carefully to suit your particular needs.
Excerpt: Whether for a corporation or in any business or political setting, bylaws are the rules that govern the procedures of the particular entity. In a corporation, the bylaws is the set of rules which address, for example, when meetings will be held, and what the duties of the officers are. Though it’s a standard document for a corporation, some LLCs will also choose to have bylaws separate from their operating agreement. Some bylaws are considered “off the shelf”, but your business, like any other, is unique, and therefore it’s a document that should be reviewed and drafted carefully to suit your particular needs.
Links:
  1. https://www.readysetincorporate.com/faq-items/what -is-a-corporation/
  2. https://www.readysetincorporate.com/faq-items/what -are-officers/
  3. https://www.readysetincorporate.com/faq-items/what -is-an-llc/
  4. https://www.readysetincorporate.com/faq-items/what -is-an-operating-agreement/
Post date: 2015-07-12 21:53:46
Post date GMT: 2015-07-13 04:53:46

Post modified date: 2015-08-10 16:13:50
Post modified date GMT: 2015-08-10 23:13:50

Export date: Thu Mar 28 13:49:24 2024 / +0000 GMT
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