Sample Corporate By-laws
Do you need sample bylaws for your S corporation?
As you may already know, the process of incorporating a business isn't all that difficult. In many cases, you simply file a fill-in-the-blanks incorporation form or a one-page articles of incorporation document with the appropriate state agency (often the secretary of state).
Furthermore, because these simple incorporation forms or corporate formation documents collect basic information that many experienced entrepreneurs and veteran investors can figure out on their own, people regularly self-incorporate. And that's fine. (This web site, obviously, sells downloadable do-it-yourself incorporation kits for just these sorts of people.)
Even experienced entrepreneurs and investors, however, often have trouble coming up with appropriate corporate by-laws (also called corporation bylaws) on their own.
That's unfortunate. The corporation's bylaws describe how the owners, called shareholders or stockholders, govern and administer the corporation. A corporation's bylaws, or by-laws, are akin to a limited liability company's operating agreement and to partnership's partnership agreement. While you might be tempted to skip drafting corporate by-laws, you shouldn't skip this important step.
Some attorneys tell clients that having and following corporate bylaws increases legal liability protection because corporate by-laws further enforce and underscore the separate legal identity of the small corporation. Finally, in many cases, outside parties like your bank require you to provide a copy of your corporate bylaws before they'll do business with you.
Predictably, the downloadable do-it-yourself incorporation kits sold at this web site include sample corporate bylaws. But if you didn't purchase one of these kits and haven't had an attorney draft corporation by-laws or can't get an attorney to draft corporate bylaws, you may wish to purchase our sample corporation by-laws for $19.
The corporate bylaws document, which you download at the time of purchase from the last page of the ordering form, is a nine-page, rich-text-format file created in Microsoft Word. The short document shows you what corporate bylaws look like. And you can even use the sample corporate bylaws document as a template for constructing your own personalized corporation by-laws. Simply fill in the blanks and then make whatever other changes you want or your attorney recommends!
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