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here's your 60-second business tip corporate bylaws of the internal formalities of keeping your corporation active it is a legal document that defines a corporation's purpose how it will run its affairs and the duties and responsibilities of people who own and manage it when you incorporate you sketch out some of these concepts in your articles of incorporation but bylaws take it a step further they set up the duties and obligations of the shareholders directors and officers and they also let you specify shareholder ownership right select officers and directors plan annual meetings and create rules around the removal of officers and directors by creating corporate bylaws you'll clearly define how your corporation will be run and you'll set expectations for shareholders officers and board members to learn more contact the Nevada corporate headquarters representative today at 1-800 five zero eight one seven two nine