Posts Tagged ‘annual minutes’
Why Bother with Corporate Minutes?
The most common reason for a founder or entrepreneur to set up a corporation is to limit his or her exposure to the liabilities of the business. A corporation provides a shield against the debts of the business. In most cases, unless a shareholder personally guarantees the debt of the corporation, a shareholder will not…
Read MoreCorporate Compliance Center Notice – Good Idea or Rip-Off?
Every year, I receive a slew of mailings on behalf of my corporate clients from the (self-proclaimed) Corporate Compliance Center, which contains an “Annual Minutes Compliance Notice.” Bearing a slight resemblance to the annual statement of information that must be filed with the California Secretary of State, this notice could fool a less-than-careful reader into…
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