Corporate Bylaws & LLC Operating Agreements
Corporate bylaws set forth the company’s rules and regulations. Similar to bylaws, an operating agreement provides the framework to operating the Limited Liability Company. The bylaws and the operating agreements are not filed with the Secretary of State. They are kept with the business with their internal company records.
Regardless of the state in which you formed your LLC, Acacia Business Solutions can we can also
Why do you need Bylaws or an Operating Agreement?
State laws require corporations to create bylaws documenting the management of the business.
Bylaws and operating agreements are generally requested by:
- A lender, in order to obtain financing
- A bank, in order to open a business checking account
- Potential business partners or investors
- Your attorney or accountant
*CORPORATE BYLAWS AND OPERATING AGREEMENTS ARE NOT A SUBSTITUTE FOR THE ADVICE OF AN ATTORNEY.