Sutton Law Center

What are Corporate Formalities?

In order to maintain the limited liability protection afforded corporate entities certain minimum formalities must be met. These include filing statements and paying annual fees, maintaining a registered agent (or resident agent) and keeping corporate minutes. Failure to follow these formalities can result in personal liability to officers, directors and shareholders. Many states now require LLCs to follow corporate formalities, and you are much better protected if you do so.

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