ARE LLCs REQUIRED TO KEEP MINUTES AND RECORDS?

Law Offices of John Kiritsis & Associates

 

212 922 0005

 

LLCs are generally not required to keep minutes and records, however, it is recommended to keep such records for the following reasons:

 

To provide a clear record of important company decisions and changes.

 

To ensure transparency and accountability within the company.

 

To maintain the limited liability protection for the owners.

 

To satisfy any state-specific record-keeping requirements.

 

To demonstrate compliance with state and federal laws.

 

Having proper minutes and records can also be helpful in resolving disputes among owners and in protecting the assets and reputation of the company.

 

Sources:

New York Business Corporation Law

New York Limited Liability Company

New York General Obligations Law

NYS Office of Professions

U.S. Constitution

 

Whether you are a new business startup or a well-established company, our law firm can help you with all of your business law legal needs. For a free consultation, you can call us at 212 922 0005.

 

Law Offices of Kiritsis & Associates

Phone # 212 922 0005

Manhattan Office (Main Office):

633 Third Avenue

New York, NY 10017

Suite 1306

Brooklyn Office (By Appointment Only):

1023 74th Street

Brooklyn, NY 11228

1st Floor

New Jersey Office:

7309 Ventnor Avenue

Ventnor, NJ 08406

2nd Floor

 

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Phone# 212-922-0005

 

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