Corporate Governance is an essential aspect of any organization that helps to ensure that the company is run ethically, transparently, and efficiently. It refers to the set of systems, principles, and processes that determine how a corporation is directed, administered, and controlled. Corporate governance is crucial for the success of any business as it lays […]
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When you are starting a business, the type of business form that you will choose matters. Your election can impact how your business is run and your potential tax liabilities. Your choice of business entity could also determine whether you are personally liable for any debts or obligations of the business. Therefore, it is essential
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Many people make resolutions for the upcoming year. One common idea that you may have is putting your entrepreneurial side to work and starting a new business. Forming a company takes planning and forethought, and it cannot be done overnight. Every company needs the legal infrastructure that allows it to work. You would need to
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You may not have the resources to hire a full-time attorney, or you may not want to commit to bringing on a permanent staff member. Nevertheless, your business will still have a need for legal help that does not go away and may grow as you get bigger. An outsourced general counsel will perform the
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When a company sells securities, issues debt, or has investors, it must comply with the rules of the Securities and Exchange Commission. SEC rules applying to private companies primarily govern raising capital. Even private securities must either be registered with the SEC or qualify for an exemption to registration. When smaller companies want to access
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Businesses have an ongoing obligation to comply with various federal and state rules. The failure to live up to these obligations could lead to enforcement actions or lawsuits. Here are some of the areas that businesses must focus on in their continuing compliance efforts. One of the main areas of compliance involves labor. Businesses must
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Dissolving a business is not as easy as simply stopping operations. There are numerous legal steps that you must take to wind up and close your business. If you do not formally dissolve your business, you may be responsible for annual fees and taxes. The first step is to obtain approval from the business owners
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LLC owners will need an operating agreement as part of the documentation for their business. The agreement will establish the structure of your business and the rules by which it is governed. Not only is this document a legal necessity, but you need a customized agreement for your own business situation in order to protect
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The Securities and Exchange Commission has earned a reputation as a dogged and tenacious regulator. They have a large staff of highly-qualified attorneys who keep a close eye on the securities markets. Here are some common reasons why they will take enforcement action. Unregistered Sale of Securities If you are selling something that meets the
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Winding up is the legal term for the process of liquidating a company or partnership when it ceases to do business or to exist. The winding up process aims to sell off assets, pay off creditors, and distribute any remaining assets to partners or shareholders. Winding up is essentially the same process as liquidating a
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