Virginia corporate bylaws is a document drafted by a corporation’s board of directors that defines the internal rules of the business. In Virginia, corporations are legally required to create bylaws. There are no requirements for what the bylaws entail except that what is included must not contravene state laws. The content of the document will usually define how directors and officers are elected, how shareholder meetings will be run, and how stocks will be issued. Once completed, the bylaws are not filed with the state but stored at the corporate office.
Bylaws required? Yes (§ 13.1-624(a)).