No. Due to the Coeur d’Alene LLC’s lack of legal formalities, this business entity is not required to have annual meetings or record minutes and resolutions. However, it is in these documented meetings, minutes and resolutions that the limited liability and separation of personal and business is protected. Even though Idaho LLC’s are not required by law to conduct these formalities, it is a great way for owners to protect their personal assets and avoid major conflict down the road.
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