Helping Small Business Owners – My Crusade

Yep. I’m on a crusade. Here’s why.

I have found that 87% of small business owners neglect one of the most important parts of their business – their company record book. Although it takes only minutes every month to do the paperwork, it gets neglected because the business owner doesn’t have the time or doesn’t know how.

Not keeping up with your records is a ticking time bomb just waiting to go off.

What do I mean by records? I mean the monthly resolutions and annual meeting minutes.

Every time you make a decision for your company, you must document it. Say you decided to purchase a new copy machine, or hire a new employee. That decision must be documented in a written resolution.

Then when you hold your annual meeting (did you do that this year?), all the resolutions are mentioned along with what was discussed at that meeting in the annual meeting minutes.

These documents should be in the correct form, the correct legal language and MUST be signed with the proper signature designation.

So, that’s why these things are neglected – who wants to take the time to research what the form should be, what is the correct legal language, and what is the proper way to sign these documents?

So, I’m on a crusade to make it easy for companies to be compliant. So when the IRS comes to audit their business, they don’t have to pay all the penalties and fines for deductions claimed, but not documented.

And if a lawsuit ever comes their way, their corporate veil won’t be pierced and all their personal assets as well as the company assets jeopardized.

Protection…..

It’s a great feeling to be protected.

I suggest you get the free book my colleague, Kari VanNoy, wrote: “Bullet-Proof Your Business.” Download it at www.JustAMinuteLLC.com/gift

Tell me what you think in the comment section below. Did this hit home for your business? Are you protected? What do you think about my crusade?


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