Hi. Are you the owner of a corporation — a small corporation — knowing that the end of the year or the beginning of 2021 is close and wondering whether you really need to have the shareholder and board meetings that you think you're required to do? I'm Katherine Taylor, the lawyer for busine...

If you are the owner of a small corporation, do you ever find yourself wondering whether you really need to have those shareholder and board meetings that are required by your articles of incorporation and bylaws?  The short answer to that question is “yes, you do,” but I'm going to give you t...

Have you ever heard somebody say that they own a "close” corporation and wondered whatthat means? A close corporation, sometimes referred to as a “closed” corporation, is a less formal way ofrunning a business; the shareholders have elected to have no board of directors. In a regular corporatio...

Do you own a small corporation? Have you ever wondered whether you need a shareholders' agreement?  In this post, I'm going to explain what a shareholders' agreement is and whether you should have one for your corporation. You should know that this applies only to corporations and not to LLCs, so...

Have you ever heard somebody say that they own a "close” corporation and wondered whatthat means? A close corporation, sometimes referred to as a “closed” corporation, is a less formal way ofrunning their business; the shareholders have elected to have no board of directors. In a regular c...