What Are Corporate Minutes?

Описание: There are a variety of corporate formalities that you'll come across as you launch and grow your business. When you started your business, whether as a side hustle or a formal business, normally the last thing on your mind are things like corporate minutes and annual meetings. You probably worked with your attorney to get your articles of incorporation prepared, your corporate agreements, and possibly some initial meeting minutes if they are required by your state. However, as your company operates, there are a variety of other times when you also need to have your meeting minutes drafted.

These meeting minutes serve a variety of purposes but are really a fancy name for the written record of the board of director meetings. Sometimes, the government in your state will need to see copies of these minutes. If you've worked with an attorney to set up your business, your corporate binder will often have a section for you to keep the original minutes for each of your meetings. Most states require companies that have made a C Corporation or S Corporation election to keep meeting minutes for their major meetings. (Note: Check with your lawyer to see if you are located in one of those states. If your company is an LLC however, you may not be required to keep minutes)

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