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A minute book is a key component of incorporating a business, providing several advantages such as limited liability, lower corporate taxes, and asset protection. However, maintaining a corporation involves responsibilities, including ongoing record-keeping and government filings. Traditionally, these documents were stored in a physical binder at a lawyer's office, but now they are typically stored online for easier access and updates. At the time of incorporation, a corporate minute book serves as a collection of important records that establish the legal structure of the corporation.