Corporate Education Center | Corp Minutes & By-Laws
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Corp Minutes & By-Laws

Bylaws provide a record containing a detailed description of the rules and regulations that govern how a company will operate. They generally consist of the following types of information:

  • How to organize meetings
  • When those meetings will be held
  • How directors and officers are to be elected and removed
  • A roster of the company’s directors and officers
  • A summary of the directors’ and officers’ duties
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Minutes of Meetings are kept whenever a corporate meeting is held. It is a corporate formality that is required to uphold your corporate entity. Every action or decision for the company is recorded in the Minutes and typically included are things such as:

  • Type of meeting and logistics – time and place
  • Called by notice or waived
  • Attendance and person keeping the minutes and who chaired
  • All actions taken, such as purchases, elections etc.
  • Signature of recorder and date

Keeping minutes, even for a one-owner company can help you stand up in court and protect your limited liability shield if needed.

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