The laws of Indiana oblige every new business to register with the state and create an internal document that will serve as a set of rules obligatory for every person related to the company.
Here is what you must include in the Indiana Corporate Bylaws to establish the correct way for your entity to conduct its affairs: describe the structure of the company management - include the names and addresses of the officers and directors that determine the future of the business and its daily operations, indicate the purpose of the corporation - reflect the vision of the business owner whether you plan to sell products to customers or manage a non-profit that does not pursue revenue, list the rights and responsibilities of the board of directors, determine how the organization will adopt resolutions and amend the existing internal regulations, and put in writing the dissolution clause - before you find yourself in a difficult situation that threatens the survival of the business, you need to prepare how to close down the organization to make sure all board members, shareholders, and managers are protected.
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