Article: Corporate Records ? What To Keep
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Corporate Records ? What To Keep
Whether you?ve created a corporation or limited liability company, you must maintain records. Here?s a primer on the basic corporate records you need to maintain.
Corporate Records
When forming a corporation or limited liability company, you are creating an entity independent from yourself. In so doing, this independent entity must take actions for itself, not you. For instance, a corporation will have a corporate bank account through which all revenues and debt payments are handled. As a shareholder, even with a single shareholder entity, you will not pay person expenses out of the corporate bank account. This concept extends to record keeping.
For the purpose of this article, I am considering both corporation and limited liability company docu...
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