To maintain status as a corporation, the corporation must

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Corporations are required to hold annual meetings of both the shareholders and the board of directors to maintain their status as a corporation. This is mandated by the laws of the state in which the corporation was incorporated. Although some corporations may choose to declare annual dividends, this is not a requirement for maintaining corporate status. Additionally, corporations do not need to reapply for a charter annually or submit their bylaws to the secretary of state of incorporation every year.

To Maintain Status as a Corporation, the Corporation Must