Holding corporate meetings and taking and retaining minutes from those meetings is typically a requirement for most incorporated farm and ranch businesses. Not holding an annual meeting and keeping minutes could result in the loss of legal status as a corporation if the business is sued. While corporate meetings don’t often come to mind when we first thing of farming and ranching, holding them and keeping good minutes is fairly simple. A new article on our website, cap.unl.edu, outlines some recommendations for what should be included on meeting agendas and in annual meeting minutes to satisfy legal requirements. It was co-authored by Jessica Groskopf, an agricultural economist, and Dave Aiken, an ag law specialist – both are with Nebraska Extension and the Center for Agricultural Profitability.

Read more at https://cap.unl.edu/management/meeting-minutes-requirements-farm-and-ranch-businesses.