What Are the Ongoing Requirements After Incorporation?
Incorporating a business is just the beginning; there are ongoing compliance requirements to maintain corporate status:
Annual Reports: Most states require corporations to file an annual or biennial report with updated information about the business. Meeting Minutes: Corporations must keep minutes of meetings of directors and shareholders. Taxes: Corporations must file federal, state, and local tax returns annually. Renewal Fees: States often require payment of annual renewal fees to keep the corporation in good standing. Corporate Records: Maintain accurate and up-to-date corporate records, including bylaws, articles of incorporation, and stock certificates.