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Record the important business decisions you make each year in the annual meeting minutes. Annual minutes should always include the date and location of your meeting, who in the company attended, and a summary of your company actions throughout the last fiscal year.
Annual meeting minutes for corporations are one of the important business compliance requirements that keep a company's corporate veil (legal and financial separation of a business and its owners) intact.
What are meeting minutes? Meeting minutes are the notes taken during a company's or organization's meetings. They are used to document the discussions, decisions, and resulting action items. For companies organized as corporations under state law, creating and maintaining minutes is often required.
Every time your board of directors meets, your company needs to keep a record on file for regulatory compliance purposes. Federal and provincial business corporations act requires corporations to make records of its shareholder's and board of director's meetings, known as corporate minutes.
Annual meeting minutes for corporations are one of the important business compliance requirements that keep a company's corporate veil (legal and financial separation of a business and its owners) intact.
The shareholders typically are only required to approve the most fundamental of corporate transactions (including dissolutions, certain merger and acquisition activities, amendments to the articles of incorporation and the like), as well as certain other transactions that might be covered by contractual approval rights ...