Each and every corporate entity should hold board meetings and maintain corporate minutes. This doesn’t mean you will need to be sucked in by the corporate minute preparation solicitations.
Corporate minutes merely are documents detailing the events of a corporate board meeting. Generally, a corporation should have a board meeting every single quarter if for no other reason than to force a critique of where the enterprise has been and where it’s going. In most states, however, a corporation is only necessary to have only one particular annual meeting and maintain the minutes of that meeting inside the corporate book.
Corporate minutes are never ever filed with any government entity. The corporate minutes are an internal corporate matter and only come to light if there’s a shareholder dispute or a claim by a third party Ray Rice Jersey that the corporation can be a sham. Corporate minutes are generally taken during the board meeting by the Secretary, who subsequently files them in the corporate book.
America is a nation of entrepreneurs and greater than a couple of organizations have found an organization chance involving corporate minutes. Usually, these organizations will supply to prepare your corporate minutes to get a nominal fee. The solicitation tends to become within the form of a mailing with an envelope that looks comparable to one particular you would receive from a government, but not so much as to acquire the solicitor in difficulty using the state.
In significant and impressive type, the solicitation will remind you that corporate minutes need to become prepared and also the firm is willing to accomplish it for $100 or so. In considerably smaller variety situated on the bottom or back in the page, there will probably be a disclaimer noting the company just isn’t a government entity and so on.
I don’t have anything against such companies, but advise you don’t use them. The internal workings of a corporation and board of directors should be kept totally confidential. Board meeting inherently involve discussions of sensitive matters like company Haloti Ngata Jersey methods, new items, how you can take care of competitors and economic issues. In my opinion, this data should never ever be provided to any third party.
There’s nothing at all wrong or illegal about firms offering to prepare your corporate minutes. It really is just not a great decision.