BYLAWS

Another one of the organizational document required by the IRS, a corporation’s Bylaws outline how the organization will function. It may include any information that helps outline how the corporation will do its business. Things like the number of board members, terms, and election procedures may be included as will any procedures to remove a board member. Other items found in the Bylaws can include meeting dates, voting policies, or committee structures. The Bylaws is also where a distinction is drawn between the officers of the board of directors and the officers of the corporation. The Bylaws document outlines how your corporation will carry on its corporate business and should be monitored annually.