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Corporate bylaws are essential rules outlining an organization's operations and are typically drafted by the board of directors named in the articles of incorporation. Required in 31 states, this video addresses what to include in corporate bylaws, the process of creating them, types of organizations, and how to obtain an official fillable template. Key components of corporate bylaws include the organization's name, board of directors, stock certificates, voting rights, committees, and quorum determination. A quorum is the minimum number of directors or shareholders necessary for holding a meeting, typically requiring a majority. To create bylaws, gather the original incorporating individuals to choose the organization's leaders.
