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Annual meeting

A meeting of the shareholders held each year to elect directors of the corporation, present the annual report, and conduct other business including items which requires shareholder approval (Note Even closely held small corporations may be required to hold an annual meeting under state law Moreover, should the corporation be audited by the IRS, proof of an annual meeting may be critical in maintaining the integrity of the corporation

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  • Part of Speech: noun
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  • Blossary:
  • Industry/Domain: Accounting
  • Category: Tax
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