How do businesses maintain their legal entity status?
Posted on Tuesday, April 27th, 2010 at 5:29 pm
When a new business entity is formed, the owners typically have multiple business entity options. The business can be setup as a partnership, limited liability company, corporation, or many other options.
Once the entity is setup, it generally does not have to do much to maintain its business status, except for filing tax returns that comply with rules associated with that entity type. In some cases, however, businesses may be required to keep minutes and file reports to maintain its entity status.
If your company has questions about maintaining an entity status, contact the Des Moines business attorneys of LaMarca Law Group, P.C., at 877-217-2600.