Annual Meeting Minutes

The Annual Meeting Minutes record what went on at a corporation’s Annual Meeting or other formal meetings, which is required of all corporations.
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Frequently Asked Questions

If a corporation fails to keep Annual Meeting Minutes as required by law, it could jeopardize its status as a separate legal entity. In a claim made against the corporation in a court of law, it would be within the right of a judge to hold members of the corporations personally liable.

The answer is yes. Even if you’re late with the Annual Meeting Minutes, you can make up for it later. But that doesn’t mean that you should wait too long and open your corporation up to undue risks.

Most states require corporations registered in the state to keep Meeting Minutes in their records. The exceptions are Nevada, Kansas, North Dakota, Oklahoma, and Delaware where corporations registered in those states do not have to keep Meeting Minutes at all.

Yes, you do need to hold an Annual Meeting and record the Minutes even if you’re the owner and only employee of a corporation. It is something that you should do for all corporate decisions and actions made and particularly useful if you have any ambition to grow the company. One day you may not be the only shareholder, director, and employee.

Perhaps the best tip is to use a template that will keep you on the task. Another valuable tip is to keep things as simple as possible. You can dispense with the use of legal and industry jargon as it is preferable to capture the essence of what took place in a straightforward manner.