It is vital that all corporations keep adequate documentation in the form of minutes of shareholder and director meetings and resolutions of corporate activities and actions. In many jurisdictions, the absence of proper records may be a liability for the shareholders of a corporation, particularly in cases where the shareholders are directors themselves, or where they have close relationships to the corporate directors. The corporation also runs the risk of having tax deductions disallowed for not documenting or approving certain actions.
It is easy to overlook the important legal requirements to maintain the corporate status, especially when the corporation is a "one-man operation". But in the eyes of the law, a corporation is an independent entity and as such, must maintain appropriate and complete records. Scrivenerservice.com was developed to help you achieve these goals with the minimum of effort.