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Keeping it Legal

Date: 01/04/2007 | Category: Business | Author: developers

Incorporating your business is an important first step. However, it does not end there by filing the initial appropriate paperwork with the state. All too often business owners neglect the required business formalities that keep their business structures legal. What types of business formalities can effect the status of your corporation, partnership or LLC?

Depending on your business structure, and if applicable, it may be failure to:

  • properly issue stock or partnership units,
  • keeping accurate minutes,
  • holding annual minutes with proper notifications,
  • properly notifying affected parties, or
  • filing annual reports with your state

If you neglect these responsibilities, you may jeporadize your standing as a valid corporation, LLC or partnership.

If you are unsure as to whether you are performing all responsibilities defined under your business structure, contact the experts as at or by calling 888-284-3821 . They can assist you in answering your questions and providing you with the resources and support you need.