While the Articles of Incorporation define the basic structure of the corporation, the "bylaws" are used to further define this structure. The bylaws can contain any provisions not inconsistent with state law or the Articles, relating to the business of the corporation, the conduct of its affairs, and the rights and powers of the shareholders, directors, officers and employees. Delaware law allows the Articles to include any provision that can be included in the bylaws, so theoretically, a corporation could be set up without bylaws by placing all of the desired provisions in the Articles. For states other than Delaware, the issues addressed in the preparation of this document will be similar, and you will need the information requested by this program if you plan to consult an attorney regarding incorporation in a state other than Delaware.
Note: If there are any unusual circumstances which are not addressed by the options available in this document, you should consult a lawyer. |