Do NY Corporations Need Corporate Bylaws?
Yes, New York corporations must have corporate bylaws. The bylaws outline the rules and regulations of the corporation and all the rights and responsibilities of the corporation's shareholders, directors, and officers.
What are Corporate Bylaws?
Corporate bylaws are the rules and regulations that govern the internal affairs of a corporation. They define the rights and responsibilities of the corporation’s shareholders, directors, and officers, as well as the procedures for corporate meetings. Corporate bylaws usually establish the corporation's purpose, how it will be managed, and provide for the election of directors and officers.
What are the Standard Sections of Corporate Bylaws?
- Name and Purpose
- Stock and Stockholders
- Directors
- Officers
- Meetings of Stockholders and Directors
- Committees of the Board
- Corporate Records and Reports
- Contracts and Corporate Seal
- Amendments
- Miscellaneous Provisions
Find a Corporate Bylaws Template here on one of my other sites. Need a custom bylaws document for your corporation? I can help. I am easy to get in contact with, just shoot me a text or email which is the fastest way to get ahold of me. If you call, please leave a message as I am commonly working with other business planning clients.
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