Georgia corporate bylaws are drafted as a written document after a corporation is created to outline the rules of governance, the structure of operations, and the regulation of the entity’s directors, officers, and shareholders. Once the incorporators or board of directors create the corporate bylaws, they can be amended as necessary through a meeting of the shareholders or directors.
Corporate bylaws will touch on the most important aspects of an organization’s internal structure, i.e., electing directors, meetings of directors and shareholders, voting rights of shareholders, issuance of shares, responsibilities of officers, and conflicts of interest. The corporation can also include provisions to help protect themselves against external threats, expensive litigation, or other potential issues that may arise during the course of business, as long as said provisions are within the confines of the law.
Bylaws required? Yes (§ 14-2-206(a))
