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S-Corporation FAQs

What are corporation bylaws?

Corporation bylaws are written to manage the corporation's business and to guide the corporation's affairs. Corporate bylaws define a corporation's purpose, how it will operate, and the duties and responsibilities of the people who own and manage it. They also let you specify shareholder ownership rights, select officers and directors, plan annual meetings, and establish how to remove officers or directors. The corporation's bylaws should not be in conflict with the articles of incorporation. A corporation maintains its own bylaws and is not required to file them with the State in which it incorporates.

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