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corporate governance is a wonky term that actually means something rather simple it concerns the documents laws and best practices that collectively determine how you operate your business if you have a corporation your essential documents are extensive and at bare minimum they include your Articles of Incorporation your certificate of Corporation your minutes from the organizational meeting that's the very first meeting of the board of directors your bylaws a shareholder Ledger that lists all of the shareholders along with the details about their shares and a shareholder Buy sell agreement which you might not have but you should if you have a limited liability company the list of essential documents is shorter it includes the articles of organization the certificate of organization and an operating agreement that operating agreement should list all of the individuals who are members of the LLC and what they paid or contributed for their membership