How To

Incorporate or Register Your Business

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Your Corporate Bylaws Are What Ever You Want Them to Be

YOUR COMPANY, YOUR RULES

CORPORATE BYLAWS ARE WHATEVER YOU DECIDE THEY SHOULD BE

 YOUR COMPANY, YOUR RULES

They usually outline the basic rules for how the company is to be run, managed and operated.

They typically state the rights, duties and powers of shareholders, officers and directors.

They are usually kept in house for internal use only.

Bylaws generally will include the following items:

The time and place for meetings of officers, directors, and shareholders

The number of directors, their tenure, and their qualifications

Title and compensation of the corporate officers

The fiscal year of the corporation

Provisions for amending the bylaws

Procedures for the approval of contracts, loans, checks, and stock certificates

Inspection of the corporate records book

You can be prepare your bylaws from scratch, or locate examples on the Internet or in the tear-out forms provided in many of the self help published incorporation books.

Ask An Incorporation  Lawyer

CORPORATE RECORDS

All corporations are required by law to keep certain corporate records including, but not limited to:

A copy of the Articles of Incorporation

All corporate by-laws

Minutes of shareholder meetings

Shareholder resolutions

Minutes of directors' meetings

Resolutions of directors

Directors register

Securities register

Share transfer register

A copy of any forms filed with the government

A copy of any unanimous shareholder agreement

For CRA and sales tax purposes, all tax records must be kept for seven years