Properly maintaining your business entity is essential to your success.
The most important reason for maintaining your business entity is to protect yourself from becoming personally liable for business liabilities. Keeping proper records and filing annual reports are essential steps in having the outside world recognize your business as a separate entity.
If your business entity is not properly maintained, personal assets could be required to pay business debts or to satisfy a lawsuit. The legal doctrine called "piercing the corporate veil", if successful, could expose you to personal liability for any of the following:
- Court judgments against the business
- Unpaid payroll and other business taxes
- Accounts payable and other contract liabilities
- Breach of fiduciary duty claims by other owners
Eno, Boulay, Martin & Donahue, LLP has expertise in creating and maintaining business entities and can provide you with protection against personal liability for your business obligations.
| Why you need a Corporate Record Book Corporate minutes are not just a matter of good housekeeping; they are required to maintain a business entity. Meeting minutes should form a complete historical record of how your business responsibilities are handled and should describe all of the significant actions that have taken place at meetings of the stockholders and directors. |
For $2,500.00* annual fee we will:
- Send a reminder of Annual Meeting
- Hold Annual Meeting
- Provide advice as to changes needed in business structure
- Prepare Annual Meeting minutes
- Prepare votes to document actions taken at Annual Meeting
- File Amendments with the Secretary of State
- File Annual Report with Secretary of State
| Importance of an Annual Report Every year corporations and limited liability companies must file an annual report with the Secretary of State's Office. If Annual Reports are not filed, monetary penalties are assessed and the business is subject involuntary dissolution by the Secretary of State's Office. |
*Does not include Filing Fees
