Once you have filed the Articles of Incorporation forming your corporate entity, you may be eager to get to work fulfilling your business dreams. Yet one major step remains: Under the Florida Business Corporation Act, all Florida corporations must have Corporate Bylaws—the set of rules that regulate the activities of the entity and its officers.
Setting aside their mandatory nature, Bylaws serve as a vital foundation to the internal operations of a corporation, making it crucial that you hire an experienced Business Attorney from Jurado & Associates, P.A. to help.
Requirements of Corporate Bylaws
The ultimate purpose of Corporate Bylaws is to provide a stable and consistent framework for governing a corporation and its ownership. They should address all the critical aspects of running a successful business: The rights and duties of directors and officers, the protocols for annual meetings, and dispute resolution mechanisms in the event of conflict among or between shareholders and directors.
Because Florida law does not establish specific requirements for Corporate Bylaws, they can be written in whatever manner suits the corporation—which is a double-edged sword. On the one hand, it gives you the freedom to draft these critical rules as you see fit; but on the other hand, the lack of clear guidelines could leave room for errors and commissions, especially if you lack the requisite legal background.
Why Not Use an Online Template?
Nowadays, just about every legal document can be found on the Internet, offering seemingly simple plug-and-play templates designed to save time and money. Yet everything comes at a cost, and you cannot put a price on sound and experienced legal counsel. Online guides and forms may seem cheaper and easier, but as a result they lack the nuances and complexities of business law—something only an experienced and knowledgeable Business Attorney can offer.
Leave Corporate Bylaws to the Experts
Since Corporate Bylaws are procedural documents, there is no formal, standard way of writing them under Florida law. They take time, careful planning, and an adept grasp of both corporate governance and the specific needs of your business. Their importance requires a meticulous attention to both technical and legal details, so that your business can run as smoothly and effectively as possible.
That is where Jurado & Associates comes in. Our Business Attorneys not only have a firm understanding of Florida corporate law, but as passionate business owners themselves, they understand the entrepreneurial mindset. Your Corporate Bylaws should not merely meet the bare minimum of Florida’s requirements but should reflect your best interests. Whether you have a new corporation in need of Corporate Bylaws, or an existing one that could use a change, call Jurado & Associates, P.A. at (305) 921-0976 or email [email protected].