What Are Corporate Bylaws and Can an Attorney Prepare It?
Corporate Bylaws are essentially what set the rules and regulations of a Corporation. The bylaws set out many of the most important rules and regulations of the corporation including but not limited to location of meetings, admitting new shareholders, retiring shareholders, voting and selection a board of directors, and appointing officers for the Corporation. The bylaws are a very important aspect of a Corporation. If any dispute arises in the corporation then the Corporate Bylaws are the first place that the parties need to look at in order to determine what the bylaws say about that specific issue. One of the most common misconceptions by individual owners of corporations is the fact that a Corporation Bylaws are not necessary. However, if any dispute arises within the corporation then there is no benchmark of rules or agreements to help solve the dispute.
The bylaws are specifically tailored to your needs and the needs of your corporation and are an invaluable tool within any corporation. With the professional help of an attorney you rest assured that your Corporate bylaws contain the most advanced corporate provisions to protect the owners of the corporation and that it is tailored specifically to your business. Once your bylaws are completed by the Attorney then you will need to have all shareholders and owners of the company to sign the document. Should there be admitted any new shareholders or owners to the company they should also be required to sign the document in order to bind all the owners or shareholders of the company.