Rather than holding a meeting, the owners of an LLC, also known as members, can draft a document detailing the actions they wish to take on behalf of the LLC. Limited liability company (LLC) forms an LLC to run a business or to hold assets to protect its members against personal liabilities.Enter the name of the limited liability company exactly as it appears on file with the California Secretary of State, including the entity ending. The annual shareholders meeting and the annual board of directors meeting must take place at the time stated in the corporation's bylaws. We provide an LLC annual meeting minutes template to help your business easily record the minutes of your LLC's annual meeting. In California, there are no statutory requirements for LLCs to hold annual meetings or keep formal meeting minutes. Yes, but only because an LLC is so flexible it can have virtually any management structure you choose, so long as you document it in the operating agreement. When forming an LLC, it's common to record the minutes of the first LLC meeting. An LLC is not required to have a Board of Directors, but can adopt this form of management if the members (the owners of the LLC) choose to do so. For example, a corporation must have regular meetings with its board of directors—complete with recorded minutes—while LLCs do not have the same requirement.
