Delaware corporate bylaws set the rules for the company, including stockholder meeting procedures, stockholder and/or officer duties, voting regulations, day-to-day guidance and more -- all of which help the business run smoothly. Corporate bylaws are required in a majority of U.S. states, Delaware included.
Each corporation customizes their own corporate bylaws template, and every Delaware corporation has the right to adopt, amend and repeal its bylaws, per Delaware General Corporation Law §122(5).
Corporate bylaws are typically adopted in the initial meeting of the Board of Directors, held after the business has been incorporated. Corporate Bylaws will differ from company to company as you customized them to your business, but they typically contain the following information
It is important to evaluate your coporate bylaws over time, making sure that they are inline with how your company evolves.
A Delaware corporation's bylaws should not be confused with its Articles of Incorporation. While corporate bylaws detail a corporation's structure and daily operations, the Articles of Incorporation outline the basics of the corporation -- the name of the company, the name of the Registered Agent and the authorized number of shares the corporation can issue.
The Articles of Incorporation are filed with the State of Delaware, whereas the corporate bylaws are internal and not required to be disclosed to the Registered Agent or the State of Delaware.
Please feel free to download and customize these free Delaware corporate bylaws templates:
A helpful guide to creating your Delaware corporate bylaws is included in our corporation formation packages. But whether you're using one of our Delaware corporate bylaws templates or starting from scratch, you can contact Harvard Business Services, Inc. for more information as we are here to help.
For more information on our packages, please consult our experienced staff via phone (800-345-2677), email or live chat. To form a corporation now, simply click on the button below.
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