The conversations and decisions made during board or shareholder meetings of a corporation are documented in corporate minutes. The meeting’s date, time, and place, the attendees’ names, and a rundown of the subjects covered should all be included in the minutes. Any decisions made, votes cast, and resolutions adopted should also be included in the minutes.
Yes, it is advised that the individual who presided over the annual meeting sign and date the minutes. The signature is evidence that the minutes are correct and that the meeting was held in line with the bylaws of the corporation and any relevant legislation.
Although they are not compelled to do so, LLCs in Texas may convene annual meetings if their operating agreement specifies that they must. The operating agreement, which serves as the LLC’s governing instrument, describes all of its policies, including how meetings must be handled. Are Annual Meetings Required for Delaware LLCs?
LLCs are not required to hold annual meetings in Delaware, although they are required to do so when necessary or in accordance with the terms of its operating agreement. Delaware LLCs are required to keep detailed records of all meetings, including the occasion, place, and agenda.
S Corporations are exempt from the requirement to hold annual meetings, but doing so is strongly advised. The meeting’s date, time, and place, the attendees’ names, and a rundown of the subjects covered should all be included in the corporate minutes. It is advised that the individual who presided over the annual meeting sign and date the minutes. Texas and Delaware LLCs may hold annual meetings if their operating agreement specifies that they must, but they are not obligated to.