A California corporation is required to keep "minutes of the proceedings of its shareholders, board and committees of the board". Cal. Corp. Code § 1500. Minutes are required to be open to inspection ...
They seem unimportant and even a nuisance to keep track of, but come tax audit time, corporate minutes can save a business a lot of money in additional taxes and related expenses. All corporations, ...
Corporations Code Section 1500 establishes the basic rules governing corporate minutes. The statute requires California corporations to ”keep minutes of the proceedings of its shareholders, board and ...
The minutes from Corporation meetings held after July 1, 2009, will be made public after 25 years, a change from the previous policy of holding the minutes for 50 years, according to Russell Carey '91 ...
For most entrepreneurs, corporate record-keeping is the least fun part of the job. When you’re running a growing business, it’s tempting to overlook some of the administrative formalities in order to ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
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