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Home / Videos / Do I need to have an annual business meeting or do an annual corporate resolution?

The law in Maryland actually requires corporations to have an initial meeting, stockholder meeting, as part of its formation. So, corporations, yes, you want to have a board of directors' meeting or resolution, and you also want to have a stockholder meeting or resolution. With LLCs, it is also recommended, but not required. The reason is, is you want to act as a business. If you don't, and someone tries to sue the business and maybe sue you as an owner individually, if you don't do the corporate formalities, you risk the corporate veil being pierced and you, personally, being liable for actions of the corporation or the LLC. So, it's definitely advisable to do annual meetings and annual resolution, and we'd be happy to work with you on that.

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