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Bylaws. In the early years of the industry, developer lawyers used by laws or by-laws. Now it is a single word without spaces or hyphens: bylaws. The word is not capitalized if used generically.
Like the Constitution, your bylaws should deal with only the highest level of governing issues such as: Organizational purpose, board structure, officer position descriptions and responsibilities, terms of board service, officer/board member succession and removal, official meeting requirements, membership provisions,
Policies are usually longer than bylaws. While policies pertain to the details, the bylaws are high-level. Bylaws take precedent over policies, and policies must be in harmony (not conflict) with the bylaws. State policies should be written and shared with your Board of Directors.
The basic difference is pretty simple. Articles of Incorporation are public records, Bylaws are not.For a corporation, this document is called Articles of Incorporation and Articles of Organization for a Limited Liability Company (LLC).
Step One: Choose a Name for your Nonprofit. Step Two: File Articles of Incorporation. Step Three: Prepare Your Bylaws. Step Four: Hold Your First Nonprofit Meeting. Step Five: Create Your Corporate Binder. Step Six: 501.c.3 Tax Exemption.
Basic Corporate Information. The bylaws should include your corporation's formal name and the address of its main place of business. Board of Directors. Officers. Shareholders. Committees. Meetings. Conflicts of Interest. Amendment.
The official name of your nonprofit. the organization's principal address (the location where you will store your corporate records) the organization's purpose (more below) an outline of the board structure (minimum and maximum number of directors)
Article I. Name and purpose of the organization. Article II. Membership. Article III. Officers and decision-making. Article IV. General, special, and annual meetings. Article V. Board of Directors.
Corporate bylaws commonly include information that specifies, for example, the number of directors the corporation has, how they will be elected, their qualification, and the length of their terms. It can also specify when, where, and how your board of directors can call and conduct meetings, and voting requirements.