What Is Included in Michigan Corporate Bylaws?
Your corporate bylaws can include anything not already covered by Michigan law. Strong bylaws should at the very least address the following topics:
- Meetings
- Stock
- Directors and officers
- Finances
- Records
- Amendments and emergencies
What Information Do I Need to Use Northwest’s Free Michigan Corporate Bylaws?
Want to focus on your business and leave the paperwork to us? Our lawyers drafted a comprehensive corporate bylaws template you can use for free. You can even fill it out on this page, save it in a free account for later, and download a completed draft to sign.
In order to fill out our free corporate bylaws template, you’ll need your:
This must be your business’ legal entity name, or the name you put on your Articles of Incorporation.
List a date and time you will hold annual meetings for shareholders.
Once your board of directors have approved the bylaws for the corporation, fill in the date.
The director signs the bylaws to approve them on behalf of the board of directors.
Expect to also maintain up-to-date lists of all shareholders and directors.
FAQs
No. An operating agreement is a legal document that outlines the rules for how the owners of an LLC interact. Bylaws, on the other hand, establish the rules for running a corporation and managing its internal affairs.
No, your corporate bylaws are internal documents. This means you’ll keep them filed with your own corporate documents.
While it’s not technically required, signing bylaws is standard practice. Including signatures from leadership at your company helps to legitimize your bylaws.
According to MI Comp L § 450.1231, the board of directors or the shareholders MAY have the power to amend or repeal bylaws. However, how your corporation makes changes to your bylaws is typically specified within the articles or within the bylaws themselves.
For example, articles or bylaws may specify that the power to amend bylaws be reserved exclusively for shareholders. And MI Comp L § 450.1415 and MI Comp L § 450.1523 allow for articles or bylaws to change the terms of a quorum (the minimum number of folks required to be present for a vote) for shareholders meetings and meetings of the board of directors, respectively.