Choosing the right type of entity for your business and preparing all the necessary documents is certainly a difficult process. But once that process is over and your company is in full swing, the work continues. To safeguard your investment and to ensure you’re protected from personal liability, it’s necessary to maintain the corporate form and follow certain formalities. Many organizations fail to observe these formalities and maintenance items, which can lead to a loss of the very benefits that limited liability companies or corporations were formed to provide. That is why it is so important that organizations follow the requisite formalities, including properly documenting key changes to your business, filing annual renewals with the state, and ensuring that all owners are abreast of company operations.
From the beginning, we make a point of informing our clients what maintenance must be done and what formalities must be followed for the type of entity they have selected. We want to make sure that a missed meeting or a corporate filing doesn’t put your personal liability protection in jeopardy. We’re here to keep on top of these details and ensure that your business entity continues to serve its purpose: to protect yourself and family from exposure to business creditors. We’ll let you know what needs to be done and when you need to it to ensure limited liability protection is preserved.