Whether your business entity is a corporation, a limited liability company, a partnership or even a sole proprietorship, you should hold an annual meeting once a year with your accountant and your lawyer. First, there are formalities that need to be observed in order to ensure that you receive the tax treatment and legal protections for your form of organization. There are also certain actions that you must document appropriately in order to prevent problems. An annual meeting can be more than that, by discussing recent changes in the laws, challenges faced by your business and your plans for the future, your accountant and lawyer can help you avoid problems and seize new opportunities.