http://smallbusiness.findlaw.com/business-structures/corpora...When forming a new corporation, one of the first things you will need to do is create your business's corporate "bylaws." Contained within a single written document, the bylaws dictate the operating standards and procedures that the corporation will follow throughout its life as a business entity -- outlining what the corporation can and cannot do.
Corporate Bylaws: What Is Covered
Corporate bylaws will likely be more complex the larger the business, but a typical corporation's bylaws will cover and contain:
The corporation's identifying information (name, address, and principal place of business)
Number of directors and corporate officers authorized for the corporation.
Number and type of shares and stock classes that the corporation is authorized to issue.
Procedure for director and shareholder meetings -- including frequency, location, and protocol.
Procedure for corporate record-keeping -- including rules for preparation and inspection of records.
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