Corporate Records Law and Legal Definition

Corporate records are such records that are required by a corporation to show that it is functioning according to the rules of the Internal Revenue Service. Corporate records usually have a corporate record book which includes all the required documents. Corporate records can also be kept online or in a file cabinet. Such records must be maintained carefully to insure limited liability to the corporate shareholders. The records must include a copy of the articles of incorporation, the minutes of all shareholder and director meetings, and a stock register for keeping track of stock transactions.