Corporate Record Books? I Think They’re at My Lawyer’s Office (Update)

(221 Ratings)

Produced on: November 21, 2017

Course Format On Demand Audio

Taught by


Course Description

Time 61 minutes
Difficulty Intermediate

The purpose of a corporation is to shield the owner(s) personal assets from liabilities that may arise when the business is facing liability from a creditor or a plaintiff’s lawsuit. However, this protection could be lost if you fail to maintain accurate record books. In this program, attorney and CPA Roman Basi, presents the fundamental laws of corporate record keeping and makes them memorable by sharing cautionary tales of business owners who did not keep proper records and personally suffered the consequences.

Mr. Basi explains in detail how proper records should be created and maintained. He also provides sample forms and explanations of how corporate entities should use them, as well as a comprehensive checklist every attorney should use when assisting in the formation of a company.

Learning Objectives:

  1. Recognize the importance of corporate records
  2. Identify what corporate record books actually are
  3. Determine when to hold meetings and make resolutions, as well as how shareholders are able to vote at a corporate meeting
  4. Comprehend the importance of formalities, maintain order, and understand why it is necessary to do so
  5. Gain familiarity with different types of entities


Roman Basi

The Center for Financial, Legal & Tax Planning, Inc.

Roman Basi graduated from Millikin University in 1997 with a Bachelor’s of Science Degree. In addition, Roman holds a Master’s in Business Administration and Juris Doctor from Southern Illinois University. Roman is a licensed Attorney in the states of Illinois, Missouri and Florida. Roman is a licensed Real Estate Broker in the State of Illinois. Roman is also a licensed Title Insurance Agent with Attorney Title Guaranty in Illinois. He is currently working towards obtaining his CPA license.

Roman has been published in the following trade journals:

   * Illinois State Bar Association - Section on Federal Taxation

   * Productivity

   * Agency Sales

   * Industrial Distribution

   * Supply House Times

   * Distributor Link

   * I.D.A. Management Journal

Roman is a member of the following organizations:

   * Illinois Bar Association

   * Federal Taxation Section Council

   * Florida Bar Association

   * National Association of Realtors

   * Illinois Association of Realtors

   * Egyptian Board of Realtors

   * Marion Chamber of Commerce

   * Marion Main Street


Per J.

Very helpful basics for an in house counsel!

Anne P.


Keith P.

excellent presentation

Stephen O.

Clear. Concise. Good place. Full of good info.

William O.

Basi strikes again.

lance f.

very very very thorough. Will listen to it a second time

Patrick M.

Very good. Its nice that the instructor offered to provide additional information.

Laura G.

Excellent presentation! Will find presenter's additional topics and watch. He puts corporate business procedures in an easy and effective learning approach. I can easily recall his main points.

Andrea R.

Very knowledgeable speaker who imparted very valuable information.

Ravi S.

Very good.

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$ 59 Tax Law, Business, Corporate, & Securities Law, and Law Practice Management In Stock


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