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Annual reports, those are the annoying forms that you have to fill out by hand and send in to the IL Secretary of State with a check a month or so before your corporate anniversary.  Most people don’t give them much though and jot down either a copy of the prior year’s information or their names and addresses, just to fill it out. 

I believe that these forms are the cornerstone of the corporate books and records.  Do you have a Board of Directors?  If so isn’t that who should be listed as the President and Secretary?  Where there any elections done as part of your corporate books and records?  Should there have been any?

So before you jot down anything to get the piece of paper off of your desk, ask yourself who should be listed on the form to properly record the information.  Also it would not hurt to keep a copy of the document in with your corporate books and records.

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