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Need to write BYLaws

dellydelly subscriber Posts: 3
edited May 2008 in Business Planning
Thinking of starting a  transitional living home through the state and I am looking for information on how to write bylaws .
Is there a template I could use or a web site that would explain to me how to do it  or exactly what is needed in the bylaws.
 
Any information is appericated!!!
 
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Comments

  • robertjrobertj subscriber Posts: 0 Member
    Yes, there are some templates for by-laws, but I`m curious as to why you wold need to create them at this stage.
    1. Have you formed a corporation?
    2. Will this business operate as a non profit entity?
     
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  • dellydelly subscriber Posts: 3
    It is a state requirement  and yes I am establishing a LLC
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  • robertjrobertj subscriber Posts: 0 Member
    I don`t know what State you will be filing in - but generally an LLC uses an operating agreement rather than by-laws.
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  • daleyfla99daleyfla99 subscriber Posts: 1
    The non profit uses by laws.  And a Board of Directors to make the decisions.  Do lots of homework before you get started.  Profitably running such a home is really, really tough.
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  • ReliableAccountingReliableAccounting subscriber Posts: 0
    You can purchase corporate and LLC kits and stuff at www.corpusa.net.  That would get you a starting point for bylaws (or operating agreement).  However, I would caution you that if your company will have more than one person; then I would recommend contacting an attorney to help in drawing up a buy-sell agreement.  I had a new, prospective client approach me for QuickBooks training recently.  They had just formed a company and were operating, but hadn`t done anything formal other than incorporate.  Well, I helped with the other compliance things they`d need (for example: they hadn`t requested treatment as an S-corp even though that`s what they wanted to be) -- but I also urged them to contact an attorney to get a buy-sell agreement in place.  Going through this exercise convinced them that they did *not* really agree on much and they ended up splitting up.  Two of the three went on to form a different company and they are now my clients.  They`re very glad this stuff was brought forward early in their relationship with the "outed" principle.
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  • bettysuebettysue subscriber Posts: 1
    My first day here, and I noticed this post.  So please excuse me jumping in.  I did a web search for you and came upon this site that has a list of sites with NPO bylaw examples:
     

    http://foundationcenter.org/getstarted/ ... ylaws.html

     
    Good Luck,
     
    betty
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