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How important is compliance?

Your corporation must take care of certain compliance issues at set up and throughout each year (i.e. adopt company bylaws, document meetings, issue stock, etc.). Failure to act will make your corporation non compliant.

A $750,000 mistake!


Betty Stein's corporation owned and operated a small business and office building in Arizona. Her attorney set up the corporation and other paperwork. Her CPA took care of the taxes. Her business was successful and she thought she had few worries. Late 2004, Betty's lender called and informed her that her		corporation was dissolved by the state over 3 years ago becuase she didn't file an annual report. She had moved and forgot to notify the state, so she didn't receive the state's notices. Now, because of one error, her corporation's loan was being called due. Betty has to come up with $750,000 immediately or she will lose everything!

*Is YOUR corporation compliant?*

Consider these facts

YOUR corporation must comply with ALL state & federal laws
95% of all corporations are Non-compliant
Whether your corporation has no employees or hundreds, it must follow formal compliance rules
It is YOUR responsibility to know & follow the rules
Creditors are very good at piercing the corporate veil of liability protection
Most corporate attorneys charge thousands of dollars for minimal compliance assistance.

Is Your Corporation Compliant?

Even attorneys forget compliance

Falcone v. Night Watchman, Inc., et. al. - Mr. Rozbicki was a practicing lawyer and sole stockholder of a corporation that owned a restaurant. Its chef ordered fruits and produce on a daily basis from Mr. Falcone. The restaurant failed to pay Mr. Falcone for the goods it received and he sued the corporation and Rozbicki individually. The Appellate Court of Connecticut pierced the corporation's veil and held Rozbicki personally liable for his corporate debts because,

There were no minutes kept of corporate meetings,
No loans were documented,
No proper records were kept of corporate funds until after the litigation arose.

In other words, there was no legal distinction between Mr. Rozbicki and his corporation. Also, Mr. Rozbicki should have known better since he was an attorney.

Required corporate actions

All corporations must take the following actions:

Complete ALL initial meeting requirements
Record corporate actions in minutes
Formally issue stock certificates
File all post-filing reports with formation state
Hold special directors meetings before taking any corporate actions
Send in all required IRS documentation
File annual report or tax statement
Conduct annual meetings
Deliver proper notice to directors or officers
Much more

What if YOU miss something?

Consider the SmallBiZ Secretary solution

Set up in just a few short minutes

Complete ALL your compliance and annual reporting paperwork in a few minutes per year

Compliance monitor & reminders of each "Compliance Event" (annual filings, tax dates, etc.)

Access to 100's of legal, state, & general business forms (updated daily)

Most business terms linked to our 10,000 word legal & small biz dictionary

There is simply no corporate compliance & management service offering so much for so little.

Let SmallBiZ Secretary handle the details

Three steps to compliance

STEP I:	Answer a few simple questions about your corporation (i.e. Corporation name, formation date, etc.);
STEP II:	Check off any compliance Actions you may have already taken (i.e. issued stock, obtained EIN, etc.);
STEP III:	THAT'S IT! SmallBiZ Secretary automatically prepares and organizes ALL your documents online, ready to print along with detailed checklists of the actions you need to take to bring your Corporation into compliance.

What you receive

For only $99 per year (annual subscription), SmallBiZ Secretary will bring your Corporation into compliance and keep it there by providing you the following tools:

	Easy Action checklists and descriptions for each corporate action

	Your corporate paperwork completed automatically

	24/7 Compliance Monitor warns you of non compliance

	Library of 100's of general business, state, and federal legal forms
	Quick and easy set up
	Email reminders of any future "Compliance Events"
	EZ filings of any state changes
	Quick two step stock printer and ledger
	Instant access to basic corporate info when you need it
	Completion of annual meetings quickly and easily
	State annual report reminders and filing assistance
	Compliance even if it's been years since your last annual meeting
	History and archieve of all previous Actions and forms
	Federal & state research areas