News and Research

From time to time we will post valuable information pertaining to corporate record keeping and compliance issues.

Smart Way #3: Make sure you keep the business adequately capitalized.

This means, don't start a company that requires a great deal of money with initial contributions of only $500 or $1000. The corporation's capital must realistically reflect the needs of this type of business, both when the company is formed -- and as long as it operates. An obvious inadequacy of capital is a leading factor in piercing the veil and holding owners personally liable.