Corporate Minutes Style 137

However, the failure to prepare corporate minutes can result in the piercing of the "corporate veil" -the protection for the corporation's owners. This means each owner can be named in a lawsuit ("alter ego liability") and could be found personally liable for all debts of the business, as if the corporation never existed. Gail Sessoms, a grant writer and nonprofit consultant, writes about nonprofit, small business and personal finance issues. She volunteers as a court-appointed child advocate, has a background in social services and writes about issues important to families. Sessoms holds a Bachelor of Arts degree in liberal studies. Gail Sessoms, a grant writer and nonprofit consultant, writes about nonprofit, small business and personal finance issues. She volunteers as a court-appointed child advocate, has a background in social services and writes about issues important to families.

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