Record Keeping

All nonprofit corporations must keep proper corporate records to preserve directors’ limited personal liability and protect the organization’s tax-exempt status. These records should include minutes of directors’ and members’ meetings and document important corporate decisions. A corporate records book is usually used to record minutes and also contain a copy of the corporations’ articles of incorporation, bylaws and tax exemption determination letters from the Internal Revenue Service (IRS) and the state tax agency, if applicable.


Inside Record Keeping