How necessary is the documentation of important business meetings?

Keeping notes of board, shareholder, and other important meetings is necessary for every business, and in many cases, it’s the law. Minutes of the board and shareholder meeting notes document various decisions that might arise in later legal action, such as business transactions, discussions of structural change, relationships with shareholders, and much more. Without accurate and thorough documentation of these meetings, your business may not only violate state laws but may also fail to keep a record of important business decisions that can be called into question during certain legal proceedings.

If you or someone you know is looking for legal advice or assistance with an Austin area business, regarding issues such as minutes of the board and shareholder meetings, contact the experienced attorneys at Adam Pugh today.