The Importance of a Corporate Minute Book

When you are looking to incorporate your company, you’ll find that there are a lot of things you have to think about. Incorporation makes some of what had been your company’s private information public.  One of the other consequences is that you will now be beholden to government regulations in a new way. One of the new requirements will be keeping a corporate minute book.

What Is a Corporate Minute Book?

A minute book is, as the name implies, a book or binder that keeps the records of your business. It is a permanent record of detailed accounts of your company’s resolutions and deliberations. It is called a minute book because the book will record the minutes of every meeting that your company takes part in; it is used to record the proceedings of your meetings.

Originally these books were handwritten with pages numbered sequentially. They are rarely handwritten anymore, but companies still need to keep a corporate minute book.

Online

In the 21st-century, many companies choose to keep the corporate minute book online for a variety of obvious reasons. If you need to send your minutes to someone else or have them reviewed, it is very difficult if you only have one set of books. The best way to keep them secure and available to everyone who is legally allowed to see them is to display them online. That way, if anyone wants to see your books, you simply need to send them a user name and password that grants them access.

This is also very convenient because you do not have to delay. If there is any sort of question or problem that arises, you can view your books and transmit them instantly to clear up any confusion.

Organization

If you prepare and host your corporate minutes online, it is also very handy if you have not actually incorporated yet. If you have a corporation or an LLC, you are legally required to fulfill several requirements. These requirements can get somewhat complex and confusing, especially if you have never done it before. Luckily, if you create and host your minutes online, there are many templates and forms that you can access to help you create minutes and corporate resolutions and also help you navigate the world of incorporating as well.

Once you have incorporated, you’ve already have access to the information that will help handle your issues. That means you can focus on the task of running a successful business and have help with the compliance details from people with experience who are better equipped to handle it.

Be the first to like.

Share!


    Follow Us:
    FavoriteLoadingAdd to favorites
    Shares