Corporate Documentation
When you formed your company, did you have the corporate minute book put together by a legal professional, or did you only file the Articles of Incorporation or Organization with the Secretary of State? Did you set up a separate checking account in the business name or do you just put the corporate proceeds in your personal checking account? Do you know what your ownership interest is? Are you an officer, manager, director, governor, shareholder, member?
If you did not get legal counsel in preparing your company, or do not know the answers to some of the previous questions you could be sabotaging any benefit that a company gives you against personal liability. Without the right documents in place, or if you are not running your company in the proper fashion, a court may have grounds to disregard the corporate form and expose your personal assets to collection by anybody seeking a judgment.
Some of the corporate documents our attorneys regularly draft for companies that need them include:
- Bylaws
- Written resolutions
- Quarterly and annual shareholder/member meeting minutes
- Quarterly and annual director/governor meeting minutes
- Stock certificates with transfer restrictions
- Buy/Sell and Member Control Agreements to protect owners from ownership disputes, divorce, disability and death, among other things
- Ownership interest transfers
- S-Corp designations
- and more