Six Most Common Problems in Maintaining Corporate Minute
Books
There are tens of thousands of small corporations in Alberta.
Many of them are private corporations with fifteen or fewer
shareholders. Many small corporations use an individual
shareholder's or director's home address as the address for
service and maintain their own minute books and corporate
records.
The maintenance of many of these corporations' minute books
is, however, often less than stellar. Here are some of the most
common problems in the maintenance of corporate minute books and
corporate records, and the obvious solution:
- The primary problem most corporations face is the non-filing of
annual returns. These filings often get overlooked by individuals
maintaining their own minute books, or get put off to a later date.
The danger with this approach is that one year past the date when
the annual return is due in Alberta, the corporation slips into
delinquent status and Corporate Registry
