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Annual Meeting Consultation
Annual Meeting Consultation


 
You must hold at least one Annual Meeting per year whether you own an LLC and/or a Corp. Your state may not require this, but the IRS will hold it against you!
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You must hold at least one Annual Meeting per year whether you own an LLC and/or a Corp.  Your state may not require this, but the IRS will hold it against you!  In addition, a meeting must be held if any important business decisions need to be made.  Keep in mind that you need to hold this meeting while making sure to keep accurate, detailed records/minutes of all important business decisions. Some of the considerations that will be reviewed:
• Whether you comingle company and personal assets?
• Whether the entity engaged in fraudulent behavior?
• Whether the entity was adequately capitalized?
• Whether one person or a small related group was in charge of the entity?
• Whether you missed some Federal, State, and Local annual Filing requirements are current.
• Whether you missed some Taxes?
• Whether the corporation followed corporate formalities?