Corporation Bylaws & LLC Operating Agreements
Must-have documents for any corporation or LLC.
State law requires all corporations to create a document outlining their organization and day-to-day operations. Called your corporate bylaws, it's one of your company's most important legal documents.
Among a number of other details, corporate bylaws generally contain:
- the structure of the organization
- the duties and responsibilities of a corporation's members
- details about the board of directors
- information about when and where directors' and shareholders' meetings will be held
- a list of committees
Much the same, limited liability companies (LLCs) in many states are required to create an LLC operating agreement; a document that provides a framework for their operation.
LLC operating agreements typically contain information about:
- members' percentages of ownership
- members' rights and responsibilities
- members' voting powers
- allocation of profits and losses
- management details
- the fiduciary duties of members and managers
Corporations and LLCs aren't required to file their bylaws or operating agreements with the Secretary of State. Still, you should have them in place as soon as you've incorporated or formed your LLC, because these documents are often requested by:
- lenders, when you're trying to obtain financing
- banks, when you're opening a business checking account
- potential business partners or investors
- attorneys and accountants
The Company Corporation can help.
No matter what state your business is headquartered in, The Company Corporation can provide you with an operating agreement that is specially tailored to your company. For the same fee, we can also help you with bylaws for your corporation in many states.
Provide us with basic information about your company's owners, management, and purpose, and we'll use that information to create a custom document for your company. Once we've completed your bylaws or operating agreement, we'll send it to you by email. You can then print it and keep it with your company records. Unfortunately, The Company Corporation cannot provide you with legal advice in the preparation of your bylaws or operating agreement and you should consult an attorney if you need legal advice.
Find more details about bylaws and operating agreements in our Frequently Asked Questions section.