Corporate Purpose
State the corporation's general purpose and any restrictive purposes that limit corporate activities; avoid language that conflicts with the articles of incorporation.
Well-drafted bylaws create predictable decision processes, document delegation of authority, reduce litigation risk, and help preserve limited liability by evidencing corporate formalities.
Bylaws are used by the parties responsible for running and overseeing a corporation and by advisors who document corporate actions.
Copies of the signed bylaws should be retained in the corporate minute book and provided to officers and relevant advisors.
Represents the elected board leader who presides at meetings, calls special meetings per the bylaws, and often certifies board resolutions. The chair is typically a signer for minutes and adoption certificates.
Responsible for maintaining the minute book, recording adoptive actions, and keeping executed copies of the bylaws. The secretary often attests to signatures and furnishes bylaws to shareholders or regulatory reviewers.
State the corporation's general purpose and any restrictive purposes that limit corporate activities; avoid language that conflicts with the articles of incorporation.
Describe share classes, authorized shares, par value (if any), voting rights, and procedures for issuing and transferring shares.
Specify director number, term length, how vacancies are filled, quorum requirements, and procedures for calling meetings.
Set notice periods, meeting formats (in-person, teleconference, electronic), proxy rules, and minute-taking requirements.
Define officer titles, appointment process, authority, removal, and responsibilities for the president, secretary, treasurer, and other officers.
Provide the procedure for amending bylaws, including required votes and any shareholder approval thresholds.
| Field | Configuration |
|---|---|
| Signer Roles | Define board, officer, and witness roles |
| Authentication | Use email + optional SMS or KBA |
| Template Locks | Protect critical clauses from editing |
| Retention | Set automatic archival and audit log |
Choose distribution channels consistent with governance needs and auditor expectations.
Preserve an audit trail and store final executed PDFs in both local and secure cloud repositories for redundancy and auditability.
Allow at least several days for review by directors and counsel.
Follow notice timing specified in articles or prior bylaws.
Adopted bylaws take effect on the date set in the document.
Provide copies when bylaws require shareholder access.
Enter adoption into minutes immediately after the vote.
Finalize text and circulate to decision makers.
Discuss and request revisions if needed.
Hold vote and record minutes with signatures.
Place executed copy in minute book and send copies.
Martin Properties moved to digital governance to avoid in-person signings during transactions.
A small investment firm standardized bylaws and signatory rules to improve onboarding of new directors.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | Yes, 7-day free trial | No | No | Yes, limited | Yes, limited |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |