Entity Maintenance

For business owners and investors, properly maintaining corporate records helps your business entity retain the protection you initially sought out when creating your business entity. Well maintained corporate minutes and other documents allows people to understand the decision-making processes of the corporation. Making sure your business entity is up-to-date is also an effective means of creating a paper trail to demonstrate to the government authorities or bank loan officers of the transactions the corporation has made. Failing to keep up-to-date can invalidate the protection your business entity provides. Call our law office in New Braunfels, Texas, at 830-302-4577 to find out more about how we make updating easy and check out his free book on Mr. Dickerson's proven strategy for protecting business owners assets here.

"By failing to prepare, you are preparing to fail." Benjamin Franklin

Business B is a trucking business. The owners, each year, and every year, do nothing about updating their records. This year, an IRS audit faces them. They learn quickly that the burden is on them, as a taxpayer, to prove that each transaction conducted by their company is legitimate through proper documentation. With the IRS now asking for three years of corporate records and none to present, Business B is scrambling to generate documents; all while trying to remember the details blurred by the quick passage of time. In this scenario, the owners of Business B risk facing tax penalties, past interest on the taxes that they did not think they needed to pay and possibly, formal accusation of fraud, if the details cannot be substantiated. They did not call The J.M. Dickerson Law Firm and now it might be too late and risk losing the protection of their business entity, causing more headaches.

Please call us in New Braunfels, TX at 830-302-4577 or fill out the email contact form if you want more information about our entity maintainance services.