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running a business can be a complicated endeavor whether your company is an s corp c corp or an llc its very important to lay out the groundwork for its internal operation and make sure all of the stakeholders are on the same page from the get-go corporate bylaws and operating agreements help companies do exactly that lets start with corporate bylaws what exactly are they when a company is legally incorporated this is one of the first documents approved by the board of directors think of it like an internal manual bylaws describe the standards of operations for your company and determine important terms regarding board and shareholder meetings voting rights responsibilities quorum and more you may ask is establishing bylaws required for all corporations well that depends on what state you live in currently 31 states legally require corporate bylaws well more than a dozen states dont you can check out the link below to see a complete list of the states regardless it may be helpful to
