The Quick Guide to 7 Important Corporate Bylaws

If you are in the process of starting a business, or if you have recently formed a legal corporation, you may be facing the drafting and approving of your bylaws with some trepidation. Bylaws are riddled with “legalese” and are sometimes complex. Therefore, it is best to work with an experienced business attorney to ensure that your bylaws reflect your desires. Additionally, they should seek to convey these seven areas of basic information:

• The location and schedules of important meetings held by the officers, directors, or shareholders of the corporation
• Titles, compensation, and expectations of the officers
• Explanation of important corporate records
• Schedule of the corporation’s fiscal year
• Number of directors and specifics about how they are chosen or otherwise become directors
• How bylaws can be amended
• Important company policies or information on how policies come into being

The work that you do as a business owner or manager is central to your corporation. Working with an attorney whose main focus is business law can help ensure that your legal interests are protected and that your hard work is not in vain. Although you may be tempted to create the bylaws yourself, they are actually quite complicated and should be specifically worded to protect you and your company’s interests.

Contact Us

If you or your business is ready to work on assembling your bylaws, call the Austin business lawyers of Slater, Kennon & Pugh Ltd.LLP at 512-472-2431 today. Our dedicated and knowledgeable lawyers are ready to assist you in having the best possible business you can.