Minutes, Resolutions, and Corporate Records

If the business has been incorporated or an LLC has been formed, the clinic has other tasks to undertake, e.g., the drafting of other organizational documents including an agreement between or among the owners if there is more than one (See Owners Agreements) and, in the case of a corporation, a set of By-Laws and the initial corporate minutes—or more commonly, informal actions by the shareholders and directors. These documents will be required to be produced when the business seeks to open a bank account, and play an important role in creating and preserving the “corporate veil” that insulates the shareholders from personal liability.

For sample documents other than by-laws and owners agreements, see Formation Documents.