Minutes also show that the officers/stockholders of the corporation are operating the corporation as an entity and not just an extension of themselves. One of Simple Joe’s best selling products is Simple Joe’s Money Tools – a collection of 14 personal finance and investment calculators. Summary of business growth initiatives, projections and goals. Or it can be an absolute nightmare if you don’t structure and operate your business properly.Never underestimate the resources of a good lawyer and accountant. List of stockholders, names, addresses, number of shares and percentage of total shares issued (update once a quarter with quarterly financials if any changes). Or you can buy accounting software such as QuickBooks, Peachtree, MYOB, etc. Quarterly and yearly financial records. Officers and shareholders can lose the protection [...] A Quick Guide To Operating Small (S) Corporations It is recommended that you retain an accountant to help with the accounting functions, year-end taxes and payroll taxes.Your accounting system can be as simple as a set of spread sheets (on paper or a computer). Summary of marketing or advertising campaigns. ConclusionThere are few things more satisfying than building a business from scratch. The following information touches on two aspects of operating your corporation as a separate entity: Corporate Accounting and Corporate Minutes.Corporate AccountingYour corporation should have its own bank account and Employer Identification Number (EIN) issued by the IRS.
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