A corporation’s bylaws are written rules by which the corporation, its officers, directors, and shareholders must abide. They establish how the company is ruled and what are the duties and obligations of its officers, directors, and shareholders. Unlike the articles of incorporation, there is no obligation to file the bylaws with the Nevada Secretary of State.
Most bylaws will contain (remembering that the officers and directors will be legally required to adhere to the standards. Importantly, if they are sued, the bylaws are the standard against which their actions will be judged):