The first meeting of the board of directors is now over, and the corporation has full legal existence. Starting your own business is complicated!We can help you file the necessary paperwork with the state in order to get your LLC, S-Corp or C-Corp started. Under California law, corporations are required to have an annual meeting of shareholders and to hold regular meetings of the board of directors. Have a one or two hour meeting. Figure out a routine going forward that you will be able to follow. Bylaws of the San Diego Family Law Bar Association. Profit Mutual Benefit Corporation.