Tag Archive

All corporations are required to keep detailed corporate records. These records are kept in what’s called a corporate minute book, or corporate records book. Why are Minute Books Needed? Maintaining corporate records in a minute book is important for several reasons. First, it ensures that rules governing the corporation can be accessed as and when they’re needed. If you need to see if there are restrictions on what a corporation can do or how it makes decisions, check the minute book. Second, it ensures that there is a clear record of who the shareholders or owners of the corporation are at any time. Without a central place for keeping such records, it would be difficult to determine how many shares …