Corporate Resolutions & Board Minutes
01.Documenting Major Decisions
For corporations (and structured LLCs), major decisions must be approved by the board of directors through formal 'Corporate Resolutions' (such as opening bank accounts, hiring officers, or leasing offices).
02.Annual Shareholder & Director Meetings
Corporations are legally required to hold annual meetings for shareholders and directors, record the proceedings in written 'Minutes', and store them in the corporate binder.
03.Establishing Regular Records
Keeping organized minutes is a primary defense against claims that your corporation is just a sham. Ensure your secretary maintains these logs diligently in the corporate book. Warren Legal Associates provides template minutes and corporate secretaries.