Entity Maintenance – Corporation

$299.00

Indiana appellate courts have consistently held that limited liability entities will not provide owners with asset protection, if the entity does not follow certain corporate formalities. Corporate maintenance is important for the owners of any limited liability entity, and should be scheduled on a regular basis. And thus, we provide an Entity Maintenance Program for our business clients on an annual basis. The review process is comprehensive, can include more than one meeting, and includes all the documents necessary to comply with Indiana law.

Description

Indiana appellate courts have consistently held that limited liability entities will not provide owners with asset protection, if the entity does not follow certain corporate formalities. The tests to determine whether corporate formalities have been followed by a corporation will actually be the same tests applied to LLCs and, presumably then, other limited liability entities. Corporate maintenance is important for the owners of any limited liability entity, and should be scheduled on a regular basis. And thus, we provide an Entity Maintenance Program for our business clients on an annual basis. The review process is comprehensive, can include more than one meeting, and includes all the documents necessary to comply with Indiana law. We also review your business plan to confirm that the correct entity form is being utilized given the business’ status and plans.

FEATURES

One of the most important but often neglected ways to maintain your “corporate veil” is to monitor your company’s status with the State of Indiana and to update your corporate record book. We will serve as your entity’s register agent, accept service of process of any law suits, administrative actions or regulatory notices served on us as your agent, and report to you with advice on what you must do to address any such action taken against your entity. We send you quarterly reports and alert you biennially when your reports are due to the Indiana Secretary of State. We also help you prepare notices, minutes and resolutions for meetings of shareholders and directors to update your corporate record book. If needed, we also will update your filings with the Secretary of State or County Recorder’s Office, at any time.

If, say mid-year, there is a change in ownership or leadership in your company, we will prepare your notices, minutes and resolutions of meetings to document these changes. No additional charge.

BENEFITS

Your limited liability entity will have a trained legal professional watching over its legal status all year long. If there are problems, we will alert you and suggest a plan of action. You can sleep well at night knowing that your entity will not be administratively dissolved and that your corporate records are updated, reducing the odds that your “corporate veil” will be pierced. We also are available by phone or email to answer questions about maintaining your entity.