Ohio corporate bylaws are put in place to detail how a new corporation will govern its internal operations. There are no state standards for what should be included in the bylaws, but some commonly used provisions include the manner and frequency in which meetings are held, the number of directors or shareholders needed for the corporate purpose, dissolution, indemnification, and the issuance of stock certificates.

Furthermore, the document specifies the roles, rights, and responsibilities of the company’s directors and details if the company will indemnify its directors and officers.