AnswersWhat are the bylaws really for? Bylaws are company’s detailed, formal rules that governs corporate affairs, including the rights and responsibilities of officers, directors and stockholders. They also set the guidelines for BOD and stockholder meetings. Source: The Startup Dictionary | LawTrades Other Previous How common is it for an angel/seed investor to ask for board observer rights? Next What is the board of directors? ++ What is the cheapest and best state to file an LLC in? Once I Finish 6 Years on H-1B Visa Can I Apply for Another New Term? What is a fair valuation cap for seed round convertible debt? Why Does the Chan Zuckerberg Initiative Not Have to Pay Cap Gains Even Though It’s a for Profit LLC? How To Change an LLC or S-Corp to a C-Corp? How do you know if your startup lawyer is good enough?