Do I need to hold corporate meetings?

In short, yes. All corporations are required by state law to hold at least one annual shareholders' meeting in order to elect a board of directors and conduct any other regular business. The requirements for any other meetings would be specific to an individual corporation as specified in the corporate bylaws. In addition to holding an annual meeting, state law also requires that this meeting is documented with meeting minutes.

In regard to board of directors' meetings, there are not any state requirements for how frequently these meetings should be held. However, since the purpose of a board of directors is to manage the corporation’s needs, these meetings should be held as and when is necessary in accordance with the corporate bylaws.

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