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Corporate maintenance is the practice of complying with the record-keeping requirements a country or a regional government imposes on a corporation. As the name implies, corporate maintenance is necessary for business entities that are legally considered “corporations,” so sole traders (or the country equivalent) and, in some cases, partnerships may be exempt from corporate maintenance requirements.
The bigger your business grows, the more complicated it becomes to manage it. The complexity not only arises from running daily operations but in terms of governance as well. Just think about it. When you were a small startup, there were probably a handful of things you needed to handle. But, as your business progressed to what it is today, you needed to set up a number of systems to facilitate enterprise activities. That’s when corporate maintenance comes in.
