Newport Beach Attorney » Corporate Minutes http://www.newportlegal.org/newportbeachlawyer Lawyer, Law Firm Fri, 18 Dec 2009 22:36:46 +0000 http://wordpress.org/?v=2.8 en hourly 1 Corporate Minutes http://www.newportlegal.org/newportbeachlawyer/10/corporate-minutes http://www.newportlegal.org/newportbeachlawyer/10/corporate-minutes#comments Sat, 15 Aug 2009 03:10:14 +0000 Newport Beach Attorney http://newportlegal.org/newportbeachlawyer/?p=10 Minutes serve as an official written documentation of a meeting and may be essential in maintaining the entity’s corporate form.  Business tax and legal decisions made by the board of directors should be recorded in the minutes.  In addition, decisions made by shareholders and ratification of corporate [...]]]> Minutes serve as an official written documentation of a meeting and may be essential in maintaining the entity’s corporate form.  Business tax and legal decisions made by the board of directors should be recorded in the minutes.  In addition, decisions made by shareholders and ratification of corporate activities should be recorded in the minutes.

Minutes may be used to keep records of:

  • annual directors meetings
  • annual shareholders meetings
  • resolutions

Benefits of keeping corporate minutes

  • minutes are often required by law in the state of incorporation
  • they serve as evidence of actions taken by the board
  • record that the appropriate formalities were complied with
corporate minutes ]]> http://www.newportlegal.org/newportbeachlawyer/10/corporate-minutes/feed 0