The forms constitute the bulk of those necessary for the day to day keeping of the corporate formalities in a California corporation. California corporate law requires an annual meeting of the shareholders, but there is no requirement for an annual directors meeting.Corporations typically hold several required formal meetings each year. The exact requirements vary depending on state laws and your corporation's bylaws. 1. Statement of Information. 2. In California, there are no statutory requirements for LLCs to hold annual meetings or keep formal meeting minutes. Corporate minutes are used to record actual happenings during directors' or shareholders' meetings, such as decisions on tax, legal, and financial matters. Free annual shareholder meeting minutes template. How to hold an annual shareholder meeting and document your corporate minutes. Per the Corporations Code, associations must hold membership meetings as often as the bylaws specify, but no less often than director elections are required.