Have you held your yearly board meeting or member meeting yet? If not, please join us at Covo for an evening of education, refreshments, and networking. At this event you will conduct your board meeting and sign your meeting minutes for the year, giving yourself peace of mind.
If you are a small business owner you may not be keeping up with corporate formalities. It may seem like busywork, or even silly if you are the sole owner of your business, but not conducting yearly board or members meeting for your corporation or LLC can put your personal assets at risk.
1. The Law Requires Corporate Minutes to Be Kept. The California Corporations Code requires each corporation to keep adequate and correct written minutes of shareholder and board of directors proceedings (Corporations Code § 1500). All major business transactions should be documented in a set of meeting minutes, and certain decisions must be documented in the minutes such as the annual election of directors (for corporations).
2. Creditors May Directly Sue the Shareholders for Corporate Obligations and Acts if the Corporate Veil Is Pierced Many small business owners are unaware that a failure to comply with corporate formalities leaves their personal assets at risk.
Join attorneys Patrica De Fonte and Mark Pearson on March 5, 2018, at 5:30 PM for assistance with drafting your business' meeting minutes. You'll also have a chance to network with other small business owners at one the the Bay Area's premiere co-working facilities, Covo.
The cost of this event covers our costs at Covo and includes one adult beverage and refreshments. All additional funds will be donated to a local charity supporting those who lost their homes and businesses in the fires in wine country.
Patricia De Fonte is an attorney at De Fonte (www.defontelaw.com), San Francisco based law firm providing estate planning services. Patricia loves working with small business owners and creative people, as well as families with young children. With her background in litigation, contract negotiation and intellectual property law, Patricia is well suited to work with business owners. Patricia was born in San Francisco, and has lived in Los Angeles and Rome, Italy, advancing her career in television production and programming, until she returned to San Francisco in 1999 to attend law school.
Mark A. Pearson is an attorney at ARC Law Group (www.arclg.com), a San Francisco based law firm focused on counseling Creative, Talented and Entrepreneurial clients. His primary practice areas involve forming business entities, counseling on trademark & copyright issues, and drafting contracts. Mark also serves as the Legal Chair on the Board of Governors for the San Francisco/Nor-Cal Chapter of the National Academy of Television Arts and Sciences and as an Advisor Board Member for California Lawyers for the Arts Music Business Seminar. A native to the Bay Area, Mark was an award-winning television journalist before entering the legal profession, having covered a variety of national and local stories for several network affiliates including a two-year stint on the Iditarod Trail in Alaska for ABC.