gatortaxguy wrote:I'd be surprised to learn that any state requires annual meetings for LLC members. THE practical advantage of LLCs is that there is no such requirement.
For LLCs, I have seen the requirement to hold an annual meeting written into many operating agreement templates (another reason not to just download a template and sign it).
Though, of course, as you noted and I agree with, the practical consequences may be nil. I think piercing the corporate veil is talked about way too much for how infrequent it actually is, but the more likely source of an issue is with any non-managing members if the managers/ managing members didn't fulfill their obligations.