While it is not legally required to draft a set of corporate bylaws for your newly formed entity, we highly recommend you take a moment to consider the various benefits found in drafting a binding agreement of this nature. This document will enable you to relay the nature of the relationship between the members of the corporation and the corporation itself. All rules and regulations pertaining to the internal affairs of the organization will also be set in this document. Please take the time to review the free template we’ve provided below, in Microsoft Word and Adobe PDF, with your attorney, to see if it would serve you business well. Once completed, you will be able to have all applicable members sign it and keep a copy for their own personal filing.