Corporate Annual Meetings Is your corporate record book up to date? Do you know where your record book is? Did you know that not having your record book up to date could cause you major problems in the future? Having and maintaining a corporate record book could be one of the most important issues you handle as a business owner. Most business owners believe that they are protected from any lawsuits because of their corporate structure. But not having an updated record book, complete with annual board minutes, might jeopardize that protection. The plaintiff might be able to "pierce the corporate veil" and sue for your personal assets. Maintain your corporate protection by keeping your corporate record book up to date.