Generally, corporations require that you observe more legal formalities than other entities such as limited liability companies and limited partnerships. As a business formation lawyer can explain, writing company bylaws in Georgia is critical, as these are the rules which govern a corporation.
Some of the provisions that should appear in corporate bylaws include:
There is some flexibility within the bylaws as to how the corporation is governed. Personalizing your bylaws with an attorney is your opportunity to agree to the things that reflect your values as a business owner. If your corporation does not have bylaws in place, state law provides the default rules by which your corporation must be operated.
Writing company bylaws in Georgia is also important because the document helps demonstrate that you and your company are two separate entities, and this formality helps shield your personal assets from business liability.