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What are corporate formalities & why they important to observe/Agency Attorneys

  • Broadcast in Entrepreneur
The Networking Diva Hour

The Networking Diva Hour

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One of the main reasons why a business owner decides to incorporate is to limit his or her own personal liability for business debts. However, simply incorporating is not enough to enjoy protection of limited liability. One also needs to observe corporate formalities. Otherwise, the courts may decide to “pierce the corporate veil” of the business entity and hold the owner liable for the company debts. So, what does a business owner need to do to properly observe corporate formalities?

This week hear from Donata Kalnenaite, Esq.| Agency Attorneys out of Chicago, discuss these topics:

  • What are corporate formalities.
  • Why are they important/what happens if you do not follow them.
  • What formalities do you need to follow.
  • How to keep up with formalities on a yearly basis. 

Tune in this Friday and call with your questions for Donata @ 646-478-3651

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