--- title: "Corporate Records: Nobody Keeps Them; Every Company Needs Them" description: Annual meeting minutes, ledgers of membership interests, who holds what role on the board of governors, who is an officer — all of these legally significant items should be captured in your corporate records. --- [Dan's Desk](https://www.gallatin-law.com/blog/author/dan-gallatin) - [lawyer](https://www.gallatin-law.com/blog/tag/lawyer) - [hugo](https://www.gallatin-law.com/blog/tag/hugo) - [MN](https://www.gallatin-law.com/blog/tag/mn) - [law](https://www.gallatin-law.com/blog/tag/law) - [attorney](https://www.gallatin-law.com/blog/tag/attorney) - [legal](https://www.gallatin-law.com/blog/tag/legal) [Subscribe](https://www.gallatin-law.com/blog/corporate-records-nobody-keeps-them-every-company-needs-them#) 10/01/2020 # Corporate Records: Nobody Keeps Them; Every Company Needs Them - - - - - [mailto:?subject=Corporate%20Records%3A%20Nobody%20Keeps%20Them%3B%20Every%20Company%20Needs%20Them&body=https%3A%2F%2Fwww.gallatin-law.com%2Fblog%2Fcorporate-records-nobody-keeps-them-every-company-needs-them](mailto:?subject=Corporate%20Records%3A%20Nobody%20Keeps%20Them%3B%20Every%20Company%20Needs%20Them&body=https%3A%2F%2Fwww.gallatin-law.com%2Fblog%2Fcorporate-records-nobody-keeps-them-every-company-needs-them) Annual meeting minutes, ledgers of membership interests, who holds what role on the board of governors, who is an officer — all of these legally significant items should be captured in your corporate records. But, in my experience about 1% of companies actually have the records. To some extent it is understandable. Your company is just 1 person, no possible competing ownership interests, so why create paper? You do it in case the situation that the court of appeals just addressed over an electrician's company in Dakota County went through. That company failed to document any of its members and went through substantial litigation over ownership. The most difficult part is getting the papers in place. Once that is done you just have to update them. Once the papers are done you have substantial evidence to address later disputes. Let's get 'em done! - [business](https://www.gallatin-law.com/blog/tag/business), - [ownership](https://www.gallatin-law.com/blog/tag/ownership), - [corporate](https://www.gallatin-law.com/blog/tag/corporate) The material contained herein is provided for informational purposes only and is not legal advice, nor is it a substitute for obtaining legal advice from an attorney. Each situation is unique, and you should not act or rely on any information contained herein without seeking the advice of an experienced attorney. All information contained in links are the property of the linked site. ![Dan Gallatin](https://www.gallatin-law.com/hubfs/assets-mjfw/site%20images/Dans-Desk.jpg) ## [Dan Gallatin](https://www.gallatin-law.com/blog/author/dan-gallatin) Dan is a lifelong resident of Minnesota. Born in St. Paul, Dan spent many of his formative years growing up there before moving to White Bear Lake. After graduating from White Bear Lake, Dan spent four glorious years at the University of Wisconsin-Madison, earning a degree in two majors. Dan worked as a Senior Investigator at the Minnesota Department of Commerce for several years after graduating from college. During his final years Dan attended William Mitchell College of Law while still working full-time. During this exhausting 3 ½ year period Dan honed his skills in becoming an efficient, to-the-point legal practitioner. While at Madison Dan met his wife, Tonya, and together they moved to Minnesota to plant their roots. Dan and Tonya have two amazing, unique children and reside in Hugo. ### CONNECT WITH ME - ## Related Posts [03/25/2020 After a Trial Win, Court of Appeals Affirms Any legitimate trial lawyer will tell you honestly that they don't win every case they take to trial. The only ones who might possibly have won every… Read Post ](https://www.gallatin-law.com/blog/after-a-trial-win-court-of-appeals-affirms) [04/15/2020 Is the Department of Commerce Targeting Minneapolis Appraisals? I was recently provided with a link to a very interesting web cast. The President of a real estate appraiser group stated the Minnesota Department of… Read Post ](https://www.gallatin-law.com/blog/is-the-department-of-commerce-targeting-minneapolis-appraisals) ### Subscribe Here! ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Dan Gallatin", "url" : "https://www.gallatin-law.com/blog/author/dan-gallatin" }, "dateModified" : "2020-11-13T15:51:52.869Z", "datePublished" : "2020-10-01T14:32:00.000Z", "headline" : "Corporate Records: Nobody Keeps Them; Every Company Needs Them", "mainEntityOfPage" : { "@id" : "https://www.gallatin-law.com/blog/corporate-records-nobody-keeps-them-every-company-needs-them", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.gallatin-law.com/hubfs/logos/Gallatin-Logo-654x84.png" }, "name" : "Gallatin Law, PLLC" } } ```