By-laws describe the agreed rules governing the operations of the Professional Corporation.
By-laws describe the agreed rules governing the operations of the Professional Corporation.
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Think of bylaws as an operating agreement or manual for your organization. They provide a road map for things like annual meetings, the corporation's board, member duties, and how to handle disagreements or disputes. You don't need to write your corporate bylaws just for the benefit of efficiency and consistency.
The board of directors manages the corporation and make business decisions. They in turn choose the officers (President, Vice President, Secretary, and Treasurer), whose responsibility it is to run the day-to-day operations of the corporation.
Bylaws is spelled both with and without a hyphen. For example, Black's Law Dictionary gives a definition for bylaw but notes that it's sometimes spelled by-law.
10 steps for writing bylaws for an association Research. Form a committee. Create the structure. Outline your organization's key roles and responsibilities. Establish your meeting rules. Define your membership. Address finances. Outline the amendment process.
Characteristics of Business Organizations ABMust create bylaws or operating proceduresCorporationDoes not even require a business nameSole ProprietorshipThe majority of U.S business nameSole ProprietorshipMust register the business name and the names of all ownersPartnership8 more rows