Every corporate entity must hold board meetings and keep corporate minutes. This doesnt mean you have to be sucked in by the corporate minute preparation solicitations.
Corporate Minutes
Corporate minutes simply are documents detailing the events of a corporate board meeting. Typically, a corporation should have a board meeting every quarter if for no other reason than to force a review of where the business has been and where it is going. In most states, however, a corporation is only required to have only one annual meeting and keep the minutes of that meeting in the corporate book.
Corporate minutes are never filed with any government entity. The corporate minutes are an internal corporate matter and only come to light if there is a shareholder dispute or a claim by a third party that the corporation is a sham. Corporate minutes are typically taken during the board meeting by the Secretary, who subsequently files them in the corporate book.
Solicitations
America is a country of entrepreneurs and more than a few companies have found a business opportunity involving corporate minutes. Typically, these companies will offer to prepare your...
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