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welcome back to frequently asked questions where this week we do not have a clever intro so lets jump right in danbala asks are bylaws the same as an operating agreement they sound familiar they are similar both outline the ownership structure and overall operations of the business the key difference is that bylaws are used for corporations and operating agreements are used for llcs bylaws are the rules that a corporation must abide by and are created by that corporations board of directors most states require that corporations create bylaws though they are not required to be filed with the state operating agreements are the guidelines that llcs operate under and are created by that llcs members contrary to bylaws most states do not require llcs to create and maintain an operating agreement however its highly recommended regardless thanks for watching and stay tuned next week where hopefully we have a clever intro and outro you again and then the text you can read that for uh for m
