Corporate Minutes Requirement Guide
Corporate Minutes are important documents that are required by law and help to preserve your position if legal issues arise.
ARE YOU AWARE?
- You are required to update your corporate minutes if you open new bank accounts.
- You must have annual meetings documented and preferably a minimum of quarterly meetings documented.
- If you increase officer remuneration, you are required to document it in your corporate minutes.
- You are required to place any lease arrangements and changes of venue in your Corporate Minutes.
Failing to maintain a corporate minutes book may compromise your "Corporate Veil" in part designed to protect your personal assets.
Corporate minutes are your insurance policy protecting your business.
Advance notice of corporate meetings are required by the association bylaws and/or state law. Your meeting may be invalid unless you get the Directors or Shareholders to sign the Waivers of Notice form.
There are many form types for corporate situations that are kept by Corporate Minutes.
