Bylaws are:
A) The terms by which partnership profits are distributed.
B) The rules by which corporations govern themselves.
C) The agreements specifying which partners are general partners and which are limited partners.
D) The documents which set forth the business purpose of a firm.
E) The documents which specify how tax liabilities will be allocated among the owners.

Question

Quizplus · Accepted Answer

Bylaws are the rules by which corporations govern themselves, detailing the structure and operation of the corporation.

Bylaws Are