ENTREPRELAW Getting Your Deals Done Right

SERVICES Corporate Record "Clean-Up"

Corporate Record "Clean-Up"

Any start-up must concentrate essentially on product development, marketing and sales, without which ultimately there can be no company.

There is a built-in tendency to cut corners in corporate records. There are so many other crucial tasks to be performed that corporate records often fall by the wayside. At least for a while.

Which is where EntrepreLaw comes in. There comes a time when the company is in a position to take care of them. Perhaps cash flow is finally positive, perhaps investors have come in and asked for a corporate record clean-up.

Or perhaps the company needs to be readied for its IPO or a sale of its business. The corporate record loose ends need to be tidied up, so that the company can offer a clean, well-ordered entity to the market or to its buyers.

We gladly help you clean up your company's business records, and are priced so that you can afford to retain us to do so.

icon Which Corporate Records?

We go through your corporate records, find what's missing or inconsistent, and fix it if it can be fixed or red-flag it if it can't. Normally, it can be fixed. If it can't, the red flag signals what may need to be disclosed in the S-1 filed with the SEC (for an IPO) or in the contracts providing for the sale of the business.

What corporate records are you concerned about? Without attempting to be exhaustive, clean-up is often needed for Shareholders' meeting minutes, as well as for the following Board minutes and contracts:

  1. concerning issuance of stock to the founders
  2. concerning the option plan and grants
  3. concerning the appointment of Board and Advisory Board members
  4. concerning company investor financing
  5. concerning company commercial financing
  6. concerning major company transactions with customers or other strategic partners

Fact

Option or restricted stock grant documentation almost always needs some sort of clean-up.