When you register a company, consider drafting Louisiana Corporate Bylaws - an internal manual of the organization that explains how it will function. Although there is no legal requirement to write a separate document that establishes the rules of conduct for the board of directors, managers, and regular employees, a statement outlining the values, principles, and guidelines of the company will be useful for reference in the event of any dispute.
Here is what you should include in the bylaws composed once the organization starts its business activities: information about the company - its name, location, and purpose (briefly describe what the corporation plans to do in the future and in what manner will these targets be reached), the structure of the management (explain who will monitor the day-to-day operations of the company and who will focus on the long-term goals of the entity), and meeting procedures (indicate how the board will arrange its general and emergency gatherings, explain the voting process and the rules that will allow the business to modify existing bylaws).
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