Corporation Manager

After you organize your corporation. . .

Often, organizers of a corporation do not take full advantage of the opportunities available to the entity. After completion of formation formalities they don’t record the decisions made to manage the corporation during its life.

A corporation is a business tool that can provide asset protection, tax benefits, reduced personal liability and a better way for its principals to invest in the business. To obtain these advantages, you must observe the corporate formalities required by business corporation statutes. Failure to do so can result in the “piercing of the corporate veil,” a legal phrase that means that the owners become responsible for the debts and actions of the corporation.

Corporate Manager includes a Corporate Audit Questionnaire to help you maintain your Corporate Record Book on an annual or more frequent basis. Completing the Audit Questionnaire creates a checklist of matters to be objectified. Each year, on the anniversary of the corporate formation, use it to select among the 64 forms in Corporate Manager to complete your documents for signature and inclusion in your Corporate Record Book.

If you are involved in a lawsuit and the plaintiff is claiming that the corporation is the “alter ego” and the personal pocketbook of its principals or owners, or you are subject to a tax audit, the annual Certification of Company Resolution(s) and other documents prepared with Corporate Manager that objectify the corporation’s management, will be evidence that the corporation lives by the rules of the By-Laws and the decisions approved in writing by it’s management.

Table of Forms Included