Corporate Compliance and Maintenance
To protect your business’s legal status and liability protection, corporations and LLCs must follow specific state-mandated formalities. At IBGO Consulting, we help you stay compliant with all corporate governance requirements.
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Corporate
Compliance
- Hold initial and annual meetings for directors and shareholders to ensure proper corporate governance.
- Adopt and maintain up-to-date bylaws that define the rules and structure of your corporation or LLC.
- Issue stock to shareholders and maintain accurate records of all stock transfers.
- File the Annual Report (also called the Annual Statement) with the State Registrar as required.
- Pay franchise taxes and annual fees. Many states require a franchise tax as a fee for operating as a corporation or LLC. The amount may be based on revenue, number of authorized shares, or share par value.
- Some states also require initial reports or statements to be filed and fees to be paid shortly after incorporation.


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