Corporate Governance Law Attorney
Located in Seattle and Serving Businesses Nationwide
Strong corporate governance procedures are needed to meet regulatory requirements and ensure the efficient functioning of a business. Eugenie Rivers at Cairncross & Hempleman helps companies develop best practices for both compliance and future success.
Corporate Strategic Planning
Governance work isn’t just about marking off check boxes. Each move should be designed to facilitate future growth, expansion, and investment.
Entity Formation and Conversions
The form and initial structure of a business determines not only the founder’s personal liability and tax status but also how easily the business will be able to raise capital. As a business grows, these needs may change even when the initial strategy was sound, and converting to a new business type could provide the best path forward.
Subsidiary and Spin-off structuring
A business company with multiple lines of businesses or levels in the same vertical may find that splitting off one or more aspects of the business is best for overall growth. This deal should be structured to ensure the continued success of both businesses.
Exit Strategy and Succession Planning
At times, an owner may want to leave the business to retire or pursue other ventures, and there is also the risk that a key owner may unexpectedly pass away or become incapacitated. Succession planning should not just cover the transfer of shares but also how the day-to-day operations will be managed.
Board of Directors Composition and Duties
Directors are more than figureheads. They serve a key function in overseeing the highest level strategic decisions made by a business, and the board should be structured so that it is able to help the business grow while protecting its existing value.
Shareholder Meetings and Voting
Even in a closely held corporation, annual shareholder meetings are mandatory. Each shareholder must be given proper notice of the meeting as well as the opportunity to vote for members of the board.
Shareholder Communications and Disclosures
Communications to shareholders must be carefully made with close attention to the manner and time of release to avoid unfairly favoring one group of shareholders over another.
To schedule a consultation with an experienced corporate governance law attorney near Seattle, Washington, contact Eugenie Rivers at Cairncross & Hempleman today.