Drafting a set of corporate bylaws when starting a new corporation can be very useful to your entity. While this is not legally required by the Department of State, we still highly recommend that you take a moment to consider the benefits of having this put this in place. This document will act as legal means of regulating the rules and conduct between managing members. Each individual that takes part will agree upon the guidelines regarding business conduct and internal affairs described in the document. This agreement may prevent future disputes between members involved, allowing you to reference the bylaws quickly and settle matters with legal backing. Take a moment to review our free template that we have provided, along with the guidance of your attorney, to see if it would prove useful to your corporation. This document is available in both MS Word and PDF formats.