What is Corporate Minutes? Definition, requirements, and how it applies to your business formation. Learn everything about corporate minutes for LLCs and corporations.
# Corporate Minutes
Corporate minutes are the official written record of decisions made at board of directors meetings and shareholder meetings. They document votes, resolutions, elections of officers, approval of major transactions, and other governance actions. Maintaining minutes is a legal requirement for corporations and an important factor in preserving limited liability.
Courts examining whether to pierce the corporate veil look at whether the corporation maintained proper minutes. Even single-shareholder corporations should document major decisions (salary changes, large purchases, loans to/from shareholders) in formal resolutions.
Lovie's governance tools provide templates for board resolutions and annual meeting minutes, ensuring your corporate formalities are documented properly.