Corporate
Corporate Governance Records: What Growing Companies Should Keep Organized
A framework for maintaining entity, ownership, authority, board, shareholder and key corporate records for business continuity and transactions.
General information only. This guide does not provide legal advice and does not replace advice from appropriately licensed counsel for the applicable jurisdiction and matter.
Keep the legal entity map current
Maintain a current record of entities, ownership, registered information, directors/managers and jurisdiction-specific corporate status.
Document authority
Approvals and delegated authority should be traceable for material contracts, financing, equity actions and other significant decisions.
Maintain ownership records
Cap tables, shareholder or member records, option/equity documentation and transfer history should reconcile to the legal documents.
Prepare for external events
Clean corporate records reduce friction during financing, investment, M&A, banking, audits and regulatory or counterparty diligence.
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