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04-01-2008, 07:09 AM
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board minutes
Hello,
My two friends and I just started a Corporation (subchapter S.) One of them suggested that we should have board minutes only once a year. The reality is that we've been meeting once a week. Although I don't think we should have board minutes for the weekly meetings, is it legal for us to have minutes only once per year? 
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08-08-2008, 07:05 PM
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Yes, In Illinois one is the general minimum. But if any company decisions are made in those weekly meetings, it would be wise to document them.
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