It’s good practice to create bylaws or a shareholders’ agreement when forming a corporation. It shows that you respect corporate formalities even if you’re on your own. Additionally, it shows professionalism and helps prevent creditors from trying to pierce the corporate veil and get your personal assets. Agreements become even more critical when there’s more than one owner, as they establish rules from the outset.
Our plain-English questionnaire gathers the necessary information to customize your document.
We get to work
We will create the document pursuant to your instructions using our time-tested and attorney-prepared template.
It shows up in your account
Your operating agreement will appear in your secure online account available at all times. If you want to make additional changes, you will be able to do so for further customization if you wish.
Why Get Your LLC Operating Agreement Through Swyft Filings?
Why copy and paste a document you found online when you can have a professionally-prepared document customized just for you?
We start with a professionally prepared template put together by our on-staff experienced business lawyer. He also designed the questionnaire process to gather the necessary information.
Tailored Just For You
Your corporate bylaws are tailored just for your needs and objectives based on your answers to a questionnaire written in plain English and without any legalese.
Fully Customizable
Your documents will be available in your secure online account. There, you can make additional edits and further customize the documents if you need to.
Reliable Customer Service
Your document preparation order is fully supported with the same professional and courteous service that comes with our other Swyft Filings services via chat, email or phone.
Testimonials
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Swyft Filings helped us create our corporation and take care of time-consuming administrative tasks that can distract us from our mission. We are grateful for their commitment to assisting businesses like ours.
Bill BeverlyCo-Owner, Evolectric
The Swyft Filings team answered all of our questions so promptly and satisfied all the legal documents we needed to get up and running as quickly as possible. It was a huge stress-reliever, and we would recommend your services over and over again.
Kimberly and Caila BrigandiCo-Owners, Gandi Girls Boutique
As small business owners, we often feel insignificant to those outside of our demographic. When a company like Swyft Filings steps up to help small businesses — it makes a huge difference!
Tobe CarberryOwner, Haven4Hoops
Having a partner like Swyft makes that part of starting your business easy and provides a level of comfort in navigating the state and federal filings. So if there are any issues with your filings, Swyft is on top of it and working with you to navigate solutions.
James AdamsCo-Owner, Pearland House Concerts
Corporate Bylaws and Shareholders' Agreements FAQs
Still have questions? Call 877-777-0450 or Live Chat with us for real-time support.
What are corporate bylaws?
Corporate bylaws set the ground rules for your corporation will operate. It is similar to a partnership agreement for partnerships or an LLC operating agreement for an LLC.
Why do I need bylaws?
One of the primary reason to form a corporation is to shield the owners from individual liability. To keep that protection, you have to follow the formalities to demonstrate that you really are operating as a corporation and having proper bylaws is one way to demonstrate that. If you have more than one shareholder in the corporation, it is also imperative to set forth the ground rules for how you will operate the corporation at the beginning before any disagreements arise.
What types of things are in the corporate bylaws?
There is no set rule dictating what must or what cannot be in your corporate bylaws. Generally speaking, the corporate bylaws will cover:
Initial capital contributions of the shareholders
Who gets to vote, how they vote and what percentage of votes are needed to do certain actions
Restrictions on transfer of a shareholder’s interests or the addition of a new shareholder
How profits will be distributed
Designation of officers or directors
What if I don’t have corporate bylaws?
Without bylaws, you could lose the personal liability shield that comes with the formation of your corporation. Many states have default rules that will govern your corporation if there are no bylaws, but the lack of clear rules at the outset is one of the primary reasons many disputes between owners end up at the courthouse. As lawyers like to say, you can pay a little to establish the rules now or pay a lot more to have the rules established in court.
Corporate Bylaws and Shareholders' Agreements Resources
Whether this is your first time dealing with corporate bylaws and shareholders’ agreements or its familiar territory, Swyft’s Resource Center offers valuable guides, articles, and case studies that help you navigate the corporate world smoothly.
