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Export date: Mon Dec 10 20:34:39 2018 / +0000 GMT

What is an "annual meeting"?


Corporations 1 under most state laws, including California, require that the shareholders 2 and the board of directors 3 of a corporation hold an annual meeting. Some LLC 4 statutes require it as well, though not in California. Those meetings are opportunities to vote on annual issues, like elections of officers 5 and review of last year's financials. In very small businesses, these meetings may be memorialized by consents . . . you don't have to hold an actual meeting with yourself (unless that's your thing and you're looking for a “legit” reason to deduct a trip to Hawaii for a shareholder's meeting – that won't really work, by the way).
Excerpt: Corporations under most state laws, including California, require that the shareholders and the board of directors of a corporation hold an annual meeting. Some LLC statutes require it as well, though not in California. Those meetings are opportunities to vote on annual issues, like elections of officers and review of last year’s financials. In very small businesses, these meetings may be memorialized by consents . . . you don’t have to hold an actual meeting with yourself (unless that’s your thing and you’re looking for a “legit” reason to deduct a trip to Hawaii for a shareholder’s meeting – that won’t really work, by the way).
Links:
  1. http://readysetincorporate.com/faq-items/what-is-a -corporation/
  2. http://readysetincorporate.com/faq-items/what-are- stockholders-and-shareholders/
  3. http://readysetincorporate.com/faq-items/what-is-a -board-of-directors/
  4. http://readysetincorporate.com/faq-items/what-is-a n-llc/
  5. http://readysetincorporate.com/faq-items/what-are- officers/
Post date: 2015-07-12 22:39:20
Post date GMT: 2015-07-13 05:39:20

Post modified date: 2015-07-21 05:33:23
Post modified date GMT: 2015-07-21 12:33:23

Export date: Mon Dec 10 20:34:39 2018 / +0000 GMT
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