Why LLC and Corporate Records Must Be Current

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Why LLC and Corporate Records Must Be Current

by BRYAN GIANESIN on AUGUST 17, 2012

At the Gianesin Law Firm, Bryan Gianesin, Attorney, we repeatedly emphasize the need to keep your business records current. We were recently involved in a client matter where the corporate records had not been updated for over 12 years. The client was advised to settle a matter for more than they should have paid because there was a distinct possibility that the shareholders would have been personally liable for the debt, in large part because of poor or nonexistent records. Preserve the shield of non-liability, pay the relatively small fees necessary to keep your business records current. Contact us at bryan@gianesinlaw.com if we can help.