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Corporate bylaws are essential rules for an organization or corporation that detail its operational structure. Usually crafted and signed by the board of directors, these bylaws are mandatory in 31 states. Key elements to include in bylaws are the organization’s name, board of directors, stock certificates, voting rights, committees, and quorum requirements—the minimum number of members needed to hold a meeting, typically a majority. To create bylaws, gather the original incorporators to choose the organization's leaders. This video tutorial will also cover types of organizations and how to obtain an official fillable template for bylaws.
