Bylaws

Short answer: Maybe. Depending on your type of business, you may or may not need to establish corporate bylaws, but most states require them from corporations (both S-Corps and C-Corps).

Corporate bylaws commonly include information that specifies, for example, the number of directors the corporation has, how they will be elected, their qualification, and the length of their terms. It can also specify when, where, and how your board of directors can call and conduct meetings, and voting requirements.

Bylaws generally define things like the group's official name, purpose, requirements for membership, officers' titles and responsibilities, how offices are to be assigned, how meetings should be conducted, and how often meetings will be held.

Put simply, Corporate Bylaws are the internal rules of your organization. They create the structure of your company and help to make sure that it runs smoothly. These fundamental rules will guide how your business will operate so everyoneshareholders, executives, and employeesare on the same page.

If the corporation fails to adopt bylaws, the authority to perform any of the acts that normally would be controlled by the bylaws will be vested in the board of directors and any of its committees.

Taxes. Corporations must file their annual tax returns. Securities. Corporations must issue stock as their security laws and articles of incorporation mandate. Bookkeeping. Board meetings. Meeting minutes. State registration. Licensing.

The basic difference is pretty simple. Articles of Incorporation are public records, Bylaws are not.For a corporation, this document is called Articles of Incorporation and Articles of Organization for a Limited Liability Company (LLC).

Corporate bylaws are the set of rules that govern a corporation's operations. They are legally enforceable as a contract among the members of the corporation.

A California corporation is required to keep bylaws at its principal place of business in California.The bylaws must either specify the number of directors or set a minimum and maximum number of directors and state that the exact number will be decided by the board or the shareholders.