Why is it important to do company minutes at all? I heard that it was not necessary.
|
| It is only necessary when you want to protect your personal assets from your business assets. By properly documenting your business actions, you strengthen your “Corporate Veil” from being pierced by creditors and predators. Lawsuits & audits each require proper business documentation. If it is not there, your business tax deductions could be disallowed and/or your company could be considered an “Alter-ego” of yourself. This would allow your personal assets to be at risk in addition to your business assets. |
|
|
|
|
|
