As your company grows, so will the corporate kit

A corporate kit is essential for the officers, directors, and shareholders to organize stock records, track past decisions and provide information for future decisions. Growing companies need to record benefits, programs and financial transactions. Without corporate records it is impossible to remember when transactions occurred and how they proceeded.

IRS audits

An IRS auditor will first ask for the corporate minute book. Without corporate documentation to support corporate actions, the IRS could disallow tax benefits and impose penalties. The state tax departments may be interested in your records, including documentary stamp tax recording in Florida.

Document corporate actions

If there are no written records regarding important decisions, directors or shareholders may not remember the outcome of decisions, or scrutinize actions of officers if they are not sure actions were approved. This can lead to controversy and legal actions even in a closely held corporation.

A corporate kit has the needed forms and ledgers to record share structure and share related transactions. You can use the transaction ledgers to record share issuances and track shareholder names and addresses to use for calling meetings.

Use a corporate kit to keep track of corporate administration and benefits decisions. Record the majority resolutions to adopt or authorize a fictitious name, lease agreements, financing, contract agreements, benefits and employee programs.

Track meeting minutes

Minutes of meetings are easy to prepare and organize using forms designed to record your decisions using the standard language, regardless of the size of your company. These forms are available with our corporate kits as either blank or pre-printed minutes.