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Corporate bylaws are essential rules for how an organization operates, typically drafted and signed by its board of directors. Required in 31 states, they should include the organization's name, board members, stock certificates, voting rights, committees, and quorum determinations. A quorum refers to the minimum number of directors or shareholders needed for a board meeting, usually a majority. To create bylaws, begin by assembling the original incorporators to appoint leaders. The video also covers types of organizations and how to access an official fillable template for bylaws.