It is already into the fall season which is the time to attend to corporate governance and compliance in San Diego and Southern California. All California corporations have responsibilities regarding their business corporate governance and compliance each year. Successful governance and compliance strategies not only protect the corporate veil of your business entity, they enhance the value of your company as well.
What does Corporate Governance and Compliance Entail?
What does corporate governance and compliance entail? Governance and compliance duties can be quite simple in the case of an LLC or small closely held corporation, and quite complex for larger companies. However, regardless of the size of your company the failure to attend to corporate governance and compliance will not only threaten the status of your corporation with the State of California, it actually reduces the value of your business. What steps are you required to take?
The business and corporate compliance attorneys at the Watkins Firm advise our clients on a variety of these issues. Every California corporation is required to have a minimum of an annual shareholders meeting and submit California corporate filings. Our corporate governance work is essential to protecting your company or corporation from risks and legal liabilities, while ensuring sound policies and procedures are enacted and consistently applied and enforced.
If you have a Board of Directors our business corporate governance and compliance work could include the selection of Board Members, board meeting agenda preparation, legal counsel on business matters and disputes as well as updating all corporate documentation to reflect changes in federal, state and local laws and regulatory requirements. We assist with requirements for financial reporting and minority shareholder communications and access, as well as executive and management transition, severance and succession.
When you attend to corporate governance and compliance in San Diego and Southern California the process will usually include changes to the operating agreement or shareholders’ agreement. It is important to make sure to update other corporate documents such as the articles and/or bylaws to ensure your corporate documents are in harmony with one another.
Corporate governance and compliance also takes into account the responsibility of your employees to represent your company or corporation in a legal manner. There should be annual training and measurement of engagement regarding company ethics and lawful performance of all duties associated with employment in your company.
Do You Need Help as You Attend to Corporate Governance and Compliance in San Diego?
Do you need help as you attend to corporate governance and compliance in San Diego and Southern California? It is important to ensure that your corporation is up-to-date with all laws and regulations, operating in a legal manner and compliant with all federal, state and local filing and licensing. The governance and compliance attorneys at the Watkins Firm have more than 40 years of experience as corporate attorneys and invite you to review our recent Podcast Episode 24 – Corporate Governance as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
