The drafting of the corporate bylaws is not legally required in Idaho and therefore if you choose to do so, you will not be required to file it with the Secretary of State. Those who draft this document will be able to detail the daily operations of their business as well as the shareholder’s stakes in the company, the manner in which the board of directors will be elected and any other provision pertaining to the management of the corporation. This document can also be used to prove your legitimacy to the IRS, financial institutions and other businesses. We highly recommend that you review the template below (available in MS Word and adobe PDF) alongside the aid legal counsel to see if this agreement might be beneficial to your organization.

 

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