Arkansas corporate bylaws are a set of rules and regulations contained in a written document that make the day-to-day operations of a corporation run smoothly and efficiently. Typically, the bylaws will be prepared by the board of directors or the incorporators when the company is first founded. These rules are important to the company’s structure, and there are certain elements that should always be covered in the bylaws, including the number of directors on the board and how they are elected, board of directors meetings, officers and their roles, shareholder voting, and the issuing of stocks.