May 312011

If you get a form similar to this one, wanting $125 to prepare an “annual minutes statement,” do yourself a favor and pitch it. In 2009, the North Carolina Attorney General and office of the Secretary of State sued “Corporate Services, Inc.” (who sent these things out). The judge in the case issued a permanent injunction this past March, but it appears that they’re already violating it.   Based on the documents filed in the [...]

Jan 152011

It’s a common question — a small company, where the shareholders happen to also be the directors and officers of the company, gets a notice from its accountant along the lines of “if you don’t hold an annual meeting, then you’ll be liable for everything your corporation does.”  (Well, ok, the notices aren’t quite that stark.  But, that’s the impression they create.)  Then, the company calls its lawyers wondering what’s going on. The accountants are [...]