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A corporation's bylaws, also called company bylaws or just bylaws, are a legal document setting forth key rules and regulations governing the corporation's day-to-day operations. By articulating the procedures management must follow, these rules help ensure a corporation runs smoothly, efficiently, and consistently.
Corporate Georgia Bylaws for your business (also written as by-laws) dictate the set rules of a corporation. Bylaws are established by the incorporator or the board of directors during the initial process of incorporation. Bylaws direct those in authority in their duties to overlook the corporation.
Corporate bylaws are legally required in Georgia. The board of directors usually adopts initial bylaws at the first organizational meeting.
Corporate bylaws are a detailed set of rules adopted by a corporation's board of directors after the company has been incorporated. They are an important legal document for a corporation to have in place as they specify its internal management structure and how it will be run.
Bylaws document the rules for how the corporation shall be governed. Resolutions are prepared as needed to document important decisions and actions taken by the board of directors on behalf of the corporation.