Documenting Corporate Decisions

Keep adequate records and minutes of meetings to protect your corporate status.

Shareholder Buyout Agreements--Why You Need One

Shareholder buyout agreements cover what happens when an owner wants out.

Qualifying to Do Business Outside Your State

LLCs and corporations may have to "qualify" to do business outside their home state.

Buy-Sell Agreement FAQ

When does a business need a buy-sell agreement?

Piercing the Corporate Veil: When LLCs and Corporations May be at Risk

An LLC or corporation's owners, members, or shareholders may be on the hook personally for business debt.

Dissolve a Corporation or LLC to End Your Liability

How do you officially end your corporation or limited liability company (LLC)?

S Corporations and Salaries: An IRS Hot Button Issue

The IRS has stepped up its scrutiny of salary versus distributions with S corp employees.

Opening a Business Bank Account

Some practical advice on this crucial first step for every business.

How to Use Written Consents to Appoint Your Initial Board of Directors and Issue Stock

If you've just incorporated your business, here's the easiest way to take initial corporate actions.

Documenting Corporate Decisions

As the owner of a corporation, you are required to hold shareholders' and directors' meetings, maintain corporate records, and document major corporate decisions. If you neglect these formalities and your business runs into trouble, a court may decide to disregard your corporate status -- and hold you personally responsible for the corporation's debts.

Steps in Declaring a Cash Dividend to Stockholders

Do you want to know what cash dividends are and how to pay them to your stockholders?

How to Prepare Minutes for Board Meetings

The accuracy and completeness of this documentation can prove critical for a number of reasons.