What’s at stake?
When you started your company (or LLC or Corporation or…) one of your goals was liability protection, and another goal was tax management.
Whatever you do, you affect your “Corporate Veil” – that is, the protection provided by law. Whenever your business actions or activities are separate and distinct from your personal activities and actions, you strengthen the “Veil” and whenever those actions are not separate and distinct, you weaken the “Veil”. The simplest way to build a strong “Veil” is to document your business activities properly.
If the “Veil” gets pierced and your company assets are seized by the court, then the IRS can disallow all of those deductions you’ve taken because your company has been taken down by the courts. And of course, the IRS wants penalties as well as back taxes!
What do you need to do?
- Every change you make in your company (business, legal or financial) must be documented through the appropriate Resolution.
- You must hold and document your Annual Meeting as required by state law and specified in your corporate by-laws or company operating agreement.
- Corporations, Limited Liability Companies, and Family Limited Partnerships and other entities each require their own different minutes.
- Minutes are required for all business activities including trips and company meetings.
We Have Created an Simple Way for You to Stop Wasting Your Time and Start Growing Your Business
Don’t lose everything and pay too much in taxes because you didn’t do your paperwork! We look forward to saving you time so you can focus on growing your company.
We are the experts. Let us let you focus on your expertise. There are lots of things you have already done in your company or are planning on doing in your company that need documenting. Let us take care of that for you. We will make sure that you have the right paperwork to keep your company clean.