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Corporate bylaws are essential rules for organizations, detailing their operational framework, typically authored by the board of directors as per the articles of incorporation. Required in 31 states, this tutorial discusses key components to include in corporate bylaws such as the organization’s name, board members, stock certificates, voting rights, committees, and quorum determination, which is the minimum number of members needed for meetings—typically a majority. To create bylaws, gather the original incorporating individuals to choose the organization’s leaders, often requiring a majority of two-thirds in many states. The video also addresses different organization types and how to obtain an official fillable template.
