The bylaws of a corporation are the governing rules by which the corporation operates. When a corporation is formed, the first act of the board of directors must be to create the bylaws, which is a single document encompassing all the rules.
Most businesses work with an attorney to write the bylaws. Still, it helps to learn about bylaws and why they’re important to running a business and maintaining order in an organization.
What Are Bylaws?
Think of corporate bylaws as the overall guiding principles for operating the business. These principles direct the board of directors in their work to oversee the day-to-day operations of the corporation.
Note: We provide Bylaws with all our C-corporation business formations.
