Corporate forms

In U.S every corporation must keep the required vital documents in the form of corporate minutes of shareholder and director meetings. If any of those proper records are missing, then it becomes a liability for the shareholders. Also it is required by most jurisdictions that a corporation hold annual shareholders’ meetings as well as their board of directors have an annual meeting, where they will have to make a few decision such as business policies and plans, stock sales volume, approval of mergers, sales, exchange, profit-sharing and company loans.