We operate our business as an S corporation. Can we forego the stockholders’ and directors’ meetings? (J.J., Virginia Beach, VA)
Check your state law to make sure, but the general answer is “yes.” However, you may not want to.
In general, state law requires an annual meeting for the stockholders and the board of directors, but allows the individual owner or husband-and-wife–owned corporation to either waive the meetings or hold them via a consent resolution or consent action. ... Log in to view full article.