Keep your corporate status―and avoid personal liability
Incorporating your business is an important first step in obtaining limited liability status. To keep that status, you must observe a number of legal formalities, including holding and documenting shareholder and director meetings.
Meeting minutes form the primary paper trail of a corporation’s legal life―and The Corporate Records Handbook provides all the instructions and forms you need to prepare them. Minutes forms include:
- • Notice of Meeting
• Shareholder Proxy
• Minutes of Annual Shareholders’ Meeting
• Minutes of Annual Directors’ Meeting
• Waiver of Notice of Meeting, and
• Written Consent to Action Without Meeting.
- • elect S corporation tax status
• borrow or lend money
• adopt pension and profit-sharing plans
• authorize bank loans
• authorize a corporate line of credit
• set up employee benefit plans
• purchase or lease a company car
• amend articles and bylaws
• and more!
