Business owners should always consider what items to include in the annual reports (Minutes) of limited liability companies and corporations.  If you want to enjoy the protection offered by a limited liability company or corporation, Ohio law requires that you must act like a limited liability company or corporation.  This means that you should not only execute documents such as contracts in the name of the company by signing as the Authorized Officer (such as “President”) obligating the entity to a contract, but you also are required to have, at the very least, annual minutes, which are in writing, signed by the members or shareholders and retained in the corporate or limited liability company notebook.  While annual Minutes are a strict requirement for corporations, they make sense for limited liability companies as well.