Record

Corporate records serve as an official record of the decisions and activities of a company.

Corporate records are important for maintaining the company's legal and financial standing, as well as for transparency and accountability.

Corporate records may include articles of incorporation, bylaws, meeting minutes, shareholder agreements, stock certificates, and financial statements.

The company's officers, directors, and/or a designated corporate secretary are typically responsible for maintaining corporate records.

Yes, all companies, regardless of size, are required to keep accurate and up-to-date corporate records.

Companies should retain their corporate records for a minimum of seven years, although some documents may need to be kept indefinitely.

Yes, many companies choose to store their corporate records electronically for ease of access and organization, as long as the electronic storage system is secure and reliable.

In most jurisdictions, shareholders have the right to request access to certain corporate records, although there may be restrictions or procedures in place.

Failure to maintain accurate corporate records can result in legal and financial consequences such as fines, loss of limited liability protection, or even dissolution of the company.