Bylaws are internal guiding rules that establish structure and keep everyone involved in the business on the same page. They are also typically written by owners of the corporation around the time of its founding. In addition, bylaws are not as complex as they seem, in fact their complexity is based on the structure and size of the business. And they only need to include very few key points such as name of business, how shareholder meetings will be held, classes of stock, etc. If there is one thing a new business should have in mind to create, it should be bylaws because establishing a clear and effective guide to run their business is never a bad idea.
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