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Does a corporation need meeting minutes?

Most states require S-corporations and C-corporations to take meeting minutes whenever the companys shareholders or board of directors meet, usually once a year for shareholders meetings and once a year for directors meetings. (Delaware, Kansas, Nevada, North Dakota, and Oklahoma dont require minutes.)

Does an S Corp have to have meetings?

If youve set up your business as an S corporation, you will have meet to meet many of the same corporate formality requirements that traditional C corporations must abide by. One of the most important of these formalities is holding annual shareholder meetings.

Do corporations have to hold annual meetings?

Corporations typically hold several required formal meetings each year. The exact requirements vary depending on state laws and your corporations bylaws, but its important to follow these formalities to protect your corporate status and preserve your limited liability protection.

What qualifies as doing business in South Carolina?

Generally, if you plan to do business in the state of South Carolina and are incorporated elsewhere, you will need to obtain South Carolina Foreign Qualification. Doing business is typically defined by activities such as maintaining a physical office or having employees in the state.

Does an S Corp need meeting minutes?

State Requirements for Keeping Meeting Minutes Most states require that corporations hold regular shareholder meetings and keep minutes of such meetings. While S corporation meeting minutes are not required to be filed with the state, you should keep copies of meeting minutes with your corporate books and records.

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