Corporate Compliance Legal Center

Get corporate compliance documents and information to maintain your liability protection.
Is Corporate Compliance Really Necessary?
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Absolutely. Without proper records, the owners' personal assets may be on the line if the company is sued. Meeting Minutes are lawsuit protection.


Other Corporate Compliance Documents
Corporate Bylaws

If you have an S-Corp or a
C-Corp, creating Bylaws is
a key step in establishing corporate compliance.
LLC Operating Agreement

If you have LLC, an Operating Agreement helps guard your limited liability status.
Useful Corporate Compliance Articles

Meeting Minutes and the Protection of Assets

Keeping minutes can be the difference between compliance and non-compliance. They can be submitted as evidence during trials and discovery, as well as prove that your company acted in the interest of its shareholders. Find out what needs to be in your minutes and why you should keep them.
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How Long to Keep Corporate Records

The IRS requires you to keep some important, tax-related documents for a full seven years. But it's always a good idea to keep your original corporate records as long as you can. Read this article and complete your business legal check up for a good picture of what you need and how long you need to keep it for.
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Organize and Conduct Corporate Meetings

Meetings and meeting minutes are important for the growth and compliance of your company. Here are some tips about how to organize your meetings, what you need to keep track of, and what you should cover.
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See all Corporate Compliance articles
Corporate Compliance Lawyers
Stephanie Blair
Windsor, California
Services: Document Review, Free Initial Consultation, General Consultation.
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Ron C. Llewellyn
New York, New York
Services: Document Review, General Consultation.
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Mike Baisley
Knoxville, Tennessee
Services: Credit Cards Accepted, Document Review, General Consultation.
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Frequently Asked Questions
What if my business skips record-keeping?
If your business does not follow the local, state, and federal rules governing your corporation or LLC, you may have your good standing revoked, incur penalties, or, in extreme cases, your company could be dissolved entirely. In some instances, your limited liability protection could be compromised, thereby jeopardizing your personal assets.

Who needs to keep records and why?
Though the rules are different from S-Corps, C-Corps, LLCs, and Nonprofits, all corporations need to keep detailed records. Furthermore, doing so allows you to paint an honest picture for prospective investors, reference past meetings, keep your liability protection, and defend yourself in court.

Do I need to keep minutes for every meeting?
No, not at all. Generally, you only need to record minutes for meetings which involve key decisions. Director and shareholder meetings are a must, however. When in doubt, write it down. You never know when you might need to reference a meeting in the future.