Newly incorporated businesses in the state of North Carolina are not required to draft an set of corporate bylaws. That being said, nearly every respected authority will agree that the drafting of such a document can greatly ameliorate the general organization of the entities internal affairs. This document will delegate the rights and duties of each officer, director and share holder to limit confusion in the years to come. We always recommend applying this document to any business structure from the get go in order to indicate the rules and regulations under which the members of the corporation shall to operate. When ready, review the contents of the below template with your attorney, have each applicable member comply to its terms and conditions. After this has been completed, and each party has agreed to the contents of the document, distribute a copy to each member to retain for their own personal filing.