Corporations and bylaws of corporations
What is a corporation or bylaw of a corporation?
There are different types of corporations and various types of business management forms which may be created differently in accordance with jurisdictional requirements. An attorney can walk you through setting up the right management depending on your business needs.
Bylaws are the internal rules that govern the day-to-day operations of a corporation, such as when and where the corporation will hold directors’ and shareholders’ meetings and what the shareholders’ and directors’ voting requirements are, etc.g.
Do you need an attorney to create a corporation and bylaws?
Determining the exact type of legal entity that you wish to form can be tricky, because there are so many different options available. An attorney can help you to decide which type (for instance C-corp vs. S-corp) is best for your needs, review and draft the necessary documents to ensure compliance under applicable laws.