Do-it-Yourself Sample Corporate Bylaws
That's unfortunate. The corporation's bylaws describe how the owners, called shareholders or stockholders, govern and administer the corporation. A corporation's bylaws, or by-laws, are akin to a limited liability company's operating agreement and to partnership’s partnership agreement. While you might be tempted to skip drafting corporate by-laws, you shouldn’t skip this important step.
Some attorneys tell clients that having and following corporate bylaws increases legal liability protection because corporate by-laws further enforce and underscore the separate legal identity of the small corporation. Finally, in many cases, outside parties like your bank require you to provide a copy of your corporate bylaws before they’ll do business with you.
Predictably, the downloadable do-it-yourself incorporation kits sold at this web site include sample corporate bylaws. But if you didn’t purchase one of these kits, haven’t had an attorney draft corporation by-laws or can’t get an attorney to draft corporate bylaws, you may wish to purchase our sample corporation by-laws.