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Every corporate entity must hold board meetings and hold corporate minutes. That doesnt mean you have to be drawn in by the organization minute preparation solicitations.

Corporate Minutes

Corporate minutes basically are documents explaining the activities of a corporate board meeting. Typically, a corporation needs to have a meeting every quarter if for no other purpose than to force analysis where the business enterprise has been and where it is going. In most states, however, a business is only needed to have only one annual meeting and keep the minutes of this meeting in the corporate book.

Corporate minutes should never be filed with any government business. The corporate minutes are an internal corporate issue and only emerged if there is a shareholder challenge or a claim by a third party that the organization is just a sham. Corporate minutes are generally taken through the board meeting by They are subsequently filed by the Secretary, who in the book.

Solicitations

America is just a country of entrepreneurs and more than a few companies have discovered a business opportunity involving corporate minutes. Usually, these businesses will offer to get ready your corporate minutes for a small charge. The solicitation is often in the form of a mailing with a package that looks similar to one you would obtain from a government, although not therefore much concerning get the attorney in some trouble with the state.

In large and impressive variety, the solicitation will remind you that corporate minutes have to be organized and the organization is ready to get it done for $100 roughly. In much smaller form based on the bottom or straight back of the page, you will see a disclaimer observing the company isn't a government organization and therefore on.

I dont have such a thing against such organizations, but advise they are used by you dont. The inner processes of a corporation and board of directors must certanly be kept absolutely confidential. Table meeting inherently include discussions of sensitive issues such as for instance business strategies, new services, how exactly to cope with opponents and economic issues. In my opinion, this information shouldn't be provided with to any alternative party.

There is nothing wrong or illegal about organizations offering to organize your corporate minutes. It is simply not a great choice. rent imagebrite