How to Keep Meeting Minutes for an S Corporation. ... Minutes can also be useful as a legal record of corporate activities in the event of a lawsuit or tax audit.

The minutes of board meetings provide a legal record of each meeting. ... The first day might present the results of an audit with the second day for discussion and decisions.

Board meeting minutes can be used to defend the board in legal proceedings or form a part of audit or regulatory reviews, so it’s good protocol to have experts review them for quality and accuracy.

• “Vanishing” minutes - In December 2020, meeting minutes went missing upon the departure of the former town clerk. The mayor stated, “I don’t have evidence of what I’m about to say ...

They seem unimportant and even a nuisance to keep track of, but come tax audit time, corporate minutes can save a business a lot of money in additional taxes and related expenses. All corporations, ...

JEFFERSON CITY, Mo. -- An audit says the Missouri board that regulates accountants hasn't been following state law when holding closed meetings. A report from Auditor Tom Schweich says the State ...

The audit, which scrutinized activity and financial reports from January 2020 to December 2022, says the DPDA failed to publish its meeting agendas and that its meeting minutes lacked a ...

Dougall's office issued an audit Monday that found that many of the 10 independent state entities subject to the Utah Open and Public Meetings Act do not fully comply with it.

Additionally, council members weren’t willing to spend the $800 a year it would cost to run the meeting on Glendale’s government access channel. The vote was 3-2 against airing the meetings.