The main purpose of the annual shareholder meeting is to elect the corporation's board of directors for the next year. This checklist is intended to be a friendly, annual reminder for companies and corporations. 1.Schedule a meeting with your tax advisors. Most states require that S corporations keep meeting minutes. Here's what you need to know about minutes, why you should keep them, and how they should be kept. It typically addresses the company's annual report, board of director elections, new business ventures, changes to internal procedures, and dividends. These forms are for filing Professional Association Annual Statements and Periodic Reports for Limited Partnerships and Nonprofit Corporations. Forming an S Corporation in 2024? Follow this step-by-step guide from a corporate lawyer to incorporate your business the right way. The requirement for an annual meeting lies in the legal, not tax, status of the business.