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Bylaws are specific rules and regulations made by an authority in order to control the actions of the members or employees. Bylaws are often used in companies and businesses. There are two main types of bylaws: non-profit bylaws and corporate bylaws. Both these bylaws are used in corporations in order to ensure organization within the company.
Bylaws should be clearly outlined in a handbook or rulebook. This ensures everyone in the company knows what specific rules and regulations they should be following. All bylaws, whether corporate or non-profit, must not contradict any federal or state laws. Bylaws should be reviewed and amended on a regular basis to ensure organization in the corporation.
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