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Also known as: corporate bylaws, company bylaws

Bylaws

TechnicalDocumentsLegal

Definition

Bylaws: Bylaws are the internal rules governing how a corporation operates—including board structure, officer roles, meeting procedures, voting requirements, and amendment processes. Bylaws, along with the certificate of incorporation, form the legal foundation of corporate governance.

Example Usage

“Our bylaws specify 5 board seats, quorum requirements for meetings, and how directors can be added or removed.”

Common Misconceptions

Bylaws never change. Update bylaws as governance needs evolve, especially after fundraising rounds.
Standard bylaws work for everyone. Customize board composition, voting thresholds, and procedures for your situation.
Founders don't need to understand bylaws. Governance terms affect control; understand what you're agreeing to.

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