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Corporations are owned by shareholders, managed by a board of directors, and administered by officers. LLCs are owned by members and managed by members, managers, or both. An LP is a partnership of one or more limited partners and one or more general partners.
While traditional corporations their professional corporations are mostly similar, there is one key difference: with professional corporations (such as C Corps), owners are protected from legal claims made against their business, unless the claim was a result of the owners own mistake.
Help With Regulatory Compliance While Florida doesnt require corporations to file their meeting minutes with any state agencies, it does require corporations to hold annual meetings and record what was discussed. Keep your recorded minutes for a minimum of three years for regulatory purposes.
Corporations are required to hold meetings only once a year, especially if the corporation is small. The corporation must give adequate notice to company shareholders or directors and maintain annual meeting minutes, which are a written record of proceedings at the meeting.
Annual meeting minutes for corporations are one of the important business compliance requirements that keep a companys corporate veil (legal and financial separation of a business and its owners) intact.

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Information Reports: Corporations, LLCs, Limited Partnerships, Professional Associations and financial institutions must file the Public Information Report (PIR).
Annual minutes should always include the date and location of your meeting, who in the company attended, and a summary of your company actions throughout the last fiscal year.
All states require that corporations hold valid corporate meetings and keep corporate minutes. Meetings need to be held only once a year, especially if you have a small corporation. Hold a valid meeting by giving adequate notice and keeping written records in the form of annual meeting minutes.
Generally, states dont require LLCs to hold annual member meetings and write minutes. An LLCs operating agreement, however, may require annual meetings and recording of minutes. When thats the case, its critical for the LLC to follow through with that requirement to demonstrate adherence to business compliance.
A notice to file the LLP annual report is sent by the secretary of state no later than March 31 of the current report year. Nonprofit corporations (Texas and foreign) are required to file a periodic report with the secretary of state upon receiving notice, but not more than once every four years.

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