What are By Laws?

Corporate By Laws (also written as by-laws) dictate the set rules of a corporation. By Laws are established by the incorporator or the board of directors during the initial process of incorporation. By Laws direct those in authority in their duties to overlook the corporation. Some of the items or details in the By Laws include:

• Company’s Official Name and Address,
• Company’s Purpose or Mission,
• Officers’ Titles, Duties, Requirements and Privileges,
• Meetings; When, Where, and How they’ll be held,
• Information about Stocks, Shares and their respective holders (if applicable),
• Record-keeping process and procedures,
• Amending Procedures,
• Process of Audits and Inspections.

After writing and establishing your By Laws, they can be used to direct the way your business is conducted. Also, someone will be appointed to enforce those By Laws; watchful that everyone is performing their duties according to those By Laws, and notifying them if they aren’t. Now and then, you should host a meeting to review the By Laws and amend them if necessary—to meet your company’s needs at the time. Anyone in the company can make suggestions to change a particular element within the By Laws, but you should state how many people are needed to make an amendment, and if an officer is required.

Every business requires rules and guidelines in which to operate, regardless of type; LLC, Corporations, Non-profits, etc. Other entities have coinciding titles for By Laws; Partnerships have what is called a partnership agreement, LLC’s write an operating agreement, but the constituents are similar to that of corporate By Laws. By Laws are a complicated legal document and not something you should try to do yourself if you aren’t well-versed in its many complexities and implications.

Hiring an experienced attorney to organize and prepare your company’s By Laws will save you a lot of money, internal conflicts, and legal issues later. Spiegel & Utrera, P.A. offers complete business formation services, years of experience that can’t be matched by many and of course the best price out there! Having us prepare your By Laws over a non-attorney will ensure that all of your bases are covered with free legal advice included in our complete incorporation package:

INCLUDES State Filing Fee,
INCLUDES Company Seal and Book,
INCLUDES Articles of Incorporation,
INCLUDES Corporate Minutes,
INCLUDES Corporate By Laws or LLC Regulations,
INCLUDES Membership or Stock Certificate,
INCLUDES Banking Resolution,
INCLUDES Preliminary Name Search,
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