How to Create Your Corporate Bylaws

Corporate Bylaws are legal documents

Corporate bylaws are set in place to establish how a business or an organization operates. It specifies the following:

  • ownership rights of shareholders
  • procedures in selecting, establishing, and removal of the board of directors and officers
  • planning of annual meetings
  • and issuance of corporate stocks

Other names

This legal document is also referred to as a “Company Bylaws”, “Corporation Bylaws”, or “Bylaws Template”. It also details the roles and responsibilities of the people who manage and own the business.

Who prepares it?

An incorporator or the board of directors prepare the corporation bylaws. This is done after filing the Articles of Incorporation with the Nevada Secretary of State. Although Bylaws can be amended, the process of changing the “Bylaws” is specified within its contents.

Components of Bylaws
  1. 1
    Organization’s Name, Purpose, and Office Location(s)

    The Corporate Bylaws should state the following:

    • Name of an organization
    • The aims or purpose for the organization’s existence
    • And the location of the headquarters and other office locations
  2. 2

    This section provides detailed information about the various membership aspects that include:

    • The types of members
    • The selection process of membership
    • Voting rights and procedures for removing or disciplining members

    In cases where members don’t exist, it has to be stated in this section.

  3. 3
    Board of Directors

    Role of Board of Directors

    The Board of Directors who are charged with the role of overseeing the senior management and governance of the organization.

    Section Details

    This section also details the following:

    • Composition
    • Selection process
    • Qualifications
    • Duties
    • As well as the length of the term of each member of the board.
  4. 4

    Special Committees

    This section of the Bylaws details the formation of “Special Committees” which includes the process of formation, nomination, as well as their roles and responsibilities as recommended by the board.

    Different Committees

    Some of the committees in organizations are the:

    • Executive
    • Audit
    • Nominating
    • And Membership Committees.
  5. 5

    Selection of Officers

    Officers are board members with specific functions within the organization. This section of the Bylaws specifies the selection process, powers, as well as the duties and responsibilities assigned to each of the elected officers.

    Removal of Officers

    This document also details the process of installing, removal, and nomination of officers by the Nominating Committee that recommend nominations to the Board.

  6. 6

    All types of meetings for different purposes including regular, annual and special meetings are specified in this section of the bylaws. This indicates:

    • The place and time for the meeting
    • Board notification requirements
    • Members and committees
    • As well as attendance requirements for the board members needed for quorums
  7. 7
    Conflicts of Interest

    This section of the Bylaws contains a provision for handling Conflicts of Interest. This is to protect the organization from penalties by the Internal Revenue Service (IRS) in case the agency finds evidence of the company having an unfair allocation of benefits to members, officers, and directors.

    For instance, in cases where a director may have some financial interest in voting for a decision, he or she must be exempted. Given the possibility of a conflict, the director must communicate the matter at once to be excluded.

  8. 8
    Amending Bylaws


    Bylaws should also have contingencies that state the rules and regulations on how the “Bylaws” are supposed to be amended.

    Section Details

    • In this section, the person in charge who can recommend the amendment and the process of how it can be amended is specified.
    • Bylaws are expected to accurately represent the members and the organization, hence, it should be revised every 5 years to be current and up-to-date.
    • All officers, directors, and members should have a copy of the bylaws and it is advisable to consult an attorney for structuring bylaws of the organization.
    • For assistance in establishing your Company’s Corporate Bylaws, you may click on this link to access the Free Nevada Corporate Bylaws Template.

Share Article

Viewing 5 reply threads
  • Author
    • #2423

      Corporate Bylaws are legal documents Corporate bylaws are set in place to establish how a business or an organization operates. It specifies the follo
      [See the full post at: What Information Must Be Included In Corporate Bylaws]

    • #2424
      Alyssa Thomas

      Is the content of the ByLaws shall benefit both the company and the members?

    • #2425
      vurtil opmer

      Thanks, I’ve just been looking for info approximately this subject for a long time and yours is the best I’ve discovered till now. However, what about the conclusion? Are you sure concerning the supply?

    • #2426
      vurtil opmer

      Hey! This is kind of off topic but I need some help from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about setting up my own but I’m not sure where to start. Do you have any points or suggestions? Thanks

    • #2427
      Della Ramey

      These are stressful times for any business owner, and it seems like people are starting to collapse under the pressure.

      The last thing I want is for something like that to happen to you. So I wanted to reach out and share a fantastic way to cut your stress and anxiety levels in half:

      I wanted to reach out now because it’s just a matter of time before natural, scientifically-proven products such as this are out of stock. This is the time for you to stock up on some very needed mental shield, and blaze through this crisis like a champion.

    • #2428
      Peter Barnett


      I was visiting and wondered if you’d be interested in us promoting your message/service/product to 200,000 website owners?

      The price of this is just $50, via Paypal.

      If you’d be interested in learning more, reply to this email but please make sure you include the word INTERESTED in the subject line field, so we can get to your reply sooner.

      Many thanks,
      Pete Barnett

Viewing 5 reply threads
  • You must be logged in to reply to this topic.