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Incorporation requires that certain stautory formalities be followed, e.g., major decisions of the corporations need to be written down and proper resolutions prepared; any transfer of assets between a shareholder and the corporation needs to be properly described and approved by the directors.
A vast majority of the small business corporations do not take these formalities seriously and risk loosing the limited liabilty status offered by the corporate structure.
We have a unique solution to address this issue. It is called Active Corporate Complience. Because this issue is so imporatnt, we prefer not to leave it in the e-mail reminders. In the active compliance program, we will call you at 3 times a year (typically in 2 months, 6 months and 11th month). We will ask you basic questions as to the major things that the corporation has done and based on your answer, prepare an appropriate resolution of other steps needed to ensure that the corporate books reflect the deliberations of the decisions and actual decision.
With ACTIVE participation, you can be sure that we will be with you all the way and ensure that your corporation remain compliant and ready to serve you and protect you.
BizOrigin is a filing service specializing in incorporation and other
business services. We are not a law
or accounting firm, and we do not provide legal or financial advice.