When you start a new corporation you must hold an organizational meeting of the directors and shareholders.
Each year around the anniversary date of your incorporation you must have an annual meeting of the directors and shareholders.
The written document from that meeting is called Minutes. It must be held in the corporate records.
We offer two services. [...]
Here is the question I got regarding situation when company starts doing business in multiple states.
I had a client call who wants to know which is better to do a foreign qualification of his NV corp into New York or just to incorporate all over again in New York, and have one pay the other. [...]
Michigan Statutes do not recognize conversions of corporations to LLC’s or vice versa. The closest thing you can do to change from on format to another is to file a new company and then merge the old company into the new company.
Also, Michigan statutes do not recognize a name consent. You cannot under [...]
Shareholders – owners of corporation. Shareholders elect directors.
Directors(board of directors) meet from time to time and make strategic decissions. They do not do day to day tasks. Directors elect officers of company.
Officers (President, Treasurer, Secretary) or different titles can be used like CEO, CFO are top management people responsible for day to day operations.
Continue reading about Please explain all the functions in corporations (CEO, President, etc.)
As most of our clients already know, we have a great database that reminds them when their Nevada filings are due. Or if, whatever reason, they don’t see the automatic emails, they can login and check when things are due.
As I was saying, this was primarily for Nevada. But, we have now updated [...]
If you own multiple corporations you know what a hassle it is to do the regular meetings of shareholders and directors. Even if you are the only person holding all functions (shareholder, director, president, treasurer and secretary) you still have to do company meetings. Every year you must hold annual shareholder meeting and annual directors [...]
Continue reading about Save time and money doing company minutes for multiple companies