A corporation’s bylaws provide a set of operating rules and regulations which the directors, officers and shareholders will be required to abide by. This document, when drafted correctly, will enable to initial incorporators of an entity to provide proof of the manner in which the internal affairs of the corporation will be managed and governed. Should a legal dispute arise, this agreement will serve as evidence, helping to clarify the exact role and rights of each corporate official. Though it is not legally required that you draft a corporate bylaw, it is still highly recommended. Take the time to review our free tutorial found linked below in both MS Word format and Adobe PDF to get an idea of exactly why this type of document is so valuable to the organization of your entity.