After you’ve completed and filed the Articles of Incorporation for your entity, it is recommended that you draft a set of corporate bylaws to relay any provision not already stated in the original formation documents. The terms and conditions will include the power of the board of directors, the manner in which they are to be appointed, the initial capital contribution of each share holder and the distribution of assets upon dissolution (among many others). By downloading the MS Word or PDF template below, the initial incorporators of your corporation will be able to properly organize the internal affairs or your business while creating a document which will serve as proof of compliance by all parties involved in the case of a future legal dispute. Although you are not legally obligated to incorporate this agreement into your business structure, in most cases it serves as the sole proof of the ownership and management of the corporation in question.

ME-Corporate-Bylaws-2