Eric CruzAfter legally forming a new business entity by filing their articles of incorporation or articles of organization with the Division of Corporations, many small business owners believe that they have completed all the steps necessary to operate under their new business entity, and completely ignore many corporate formalities required by statute or other applicable law.
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Eric CruzMany small business owners take the correct first step – after coming up with their business idea, they form a corporation, limited liability company, or other business entity existing within the laws of their state, which they are then able to operate under. But many business owners stop at this first step and do not understand the concept of their corporation or company existing as a separate legal entity or “person” that exists on its own,
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As we move into the 3rd quarter, now is a good time to ensure that your corporation has conducted its annual shareholder and director meetings. For many this involves merely election of directors and officers, but often there are important actions that need to be ratified from the prior year or authorized for the current year,
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