In any relationship, you cannot go into it without having discussed the important issues first. For example, it is important to discuss where you will be operating, how members or shareholders will be added, and how many, and the list goes on. In order for a business to be successful, some ground rules, or bylaws, must be agreed upon beforehand. There will be a number of issues addressed within your company’s bylaws, such as identifying information (name, address, etc.); procedures for shareholders and stocks; procedures for amending the bylaws; and much more.
For a quick response to your questions regarding bylaws, contact us at 301.464.7448.