Step 5 of 5
Hold your first annual meeting. It is important to hold annual meetings and keep minutes, even if your business meeting’s only attendees are you and your cat. Your annual meeting can be as simple as sitting down and preparing the minutes, which are the records showing you are keeping up your business. Even though these documents do not need to be filed anywhere does not mean they shouldn’t be kept. Minutes of annual meetings are the first thing a lawyer will ask for when pressing a case against an LLC, and failure to keep these documents can be one of the elements used to “pierce the corporate veil”, meaning to hold you personally responsible.