PartnerUp Community - Forums: Starting A Business - Minutes, meetings & resolutions, (oh my!) Where to start?

Mike Jones posted a new Starting A Business thread on 10/22/2009

Minutes, meetings & resolutions, (oh my!) Where to start?

I just formed a single person S Corp and live in my state NV. I understand it's critical to keep records to prevent piercing of the corporate veil. However, where does one begin with these records? Do resolutions, minutes, etc have to follow a certain format? Do they have to be worded like the samples I've seen?

What is the best resource for a single person S Corp to get a handle on not only what corporate records need to be kept, but HOW to generate them. Are there any online services to make this rather intimidating task easy (such as how mint.com exists for personal finance or shoeboxed.com for handling receipts, etc..)

Thanks in advance for any advice..

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Leon Adelstone Responded on 10/23/2009

For about $59 you can purchasse a Corp kit at your local office supply store, including a corporate "seal". This has all the forms you need. Simply copy and modify, or, better yet, scan them into yourt computer and they will be easy to utilize. You don't really need to have a meeting (with yourself) more often than once per year, but probaably should when a major decision is made.

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