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Add signed Corporate Bylaws

[Music] corporate bylaws are rules of an organization or corporation outlining how it operates they are usually written and signed by the board of directors named in the organization's articles of incorporation corporate bylaws are required in 31 states in this video we'll cover what to include in corporate by-laws how to create bylaws types of organizations and how to obtain an official fillable template first let's go over what to include in corporate bylaws any corporate bylaws should include the name of the organization names of the board of directors stock certificates voting rights committees identification and a determination of a quorum a quorum is the minimum number of directors or shareholders required to hold a board meeting most commonly a majority of members must be present at a meeting to constitute a quorum next let's cover how to create bylaws first gather the original incorporating individuals to select the leaders of the organization in most states a majority of two-thirds of a vote is required to confirm these initial decisions second select the board members and chairperson typically the members with the majority of shares are nominated to the board third create the rules for the organization it's important to focus on how business decisions will be made when and where annual meetings will occur the percentage of shareholders required to make decisions when and how dividends are paid and the roles assigned to each member fourth write the actual bylaws in most states a secretary or another administrative staff member must sign the bylaws in order for them to go into full effect finally begin business operations once the bylaws are complete the organization can obtain an employer identification number from the irs open bank accounts and hire employees finally let's review the difference between for-profit and non-profit for-profit organizations have higher registration and renewal fees distribute post-expense profits to shareholders can adjust salaries at any time and only have to register at the state level on the other hand non-profit organizations have lower registration and renewal fees distribute post-expense profits to a worthy cause must establish salaries at the start of the year and have to register both at the state and federal level were e-forms the biggest database of online legal documents grab a corporate bylaws template at the link below and don't forget to subscribe for more videos that will help you stay [Music] organized you