Every entrepreneur who forms a business does it with several motivations in mind.  First and foremost, they typically want to pursue a lifestyle where they can make money by doing something they love or enjoy.

They often value control over their own destiny versus “working for the man”. In addition, most have a sense that they can create or provide something unique or better than others currently provide.  The creative rewards of this lifestyle cannot be understated.

Entrepreneurs are a diverse group, imaginative and creative certainly, but rarely are they business legal authorities. When it comes to the actual business structure, the business entity, the only thing they know is that they need one. The specific reasons for needing a business entity are often somewhat vague and vagueness can follow through to the day-to-day maintenance of their business entity.

The essential value of forming a business entity is that it enables the owner to have the best chance of protecting their personal assets as their business navigates both normal and sometimes unexpected processes and growth challenges.

Once the appropriate business entity is established, an essential key to having a company effectively protect the personal assets of the entrepreneur is the creation and maintenance of the correct and proper legal formation documents associated with the business.  These documents are collectively known as corporate records.

Corporate Records relate to the Structure and Operation of the Company

It is these key documents that form a protective wall between an individual’s personal assets and the company’s finances and liabilities.  In business, this protective wall is called the corporate veil.

One of the many ways that a corporate veil can easily be pierced is the failure by the business owner to properly maintain all of the legal documentation related to the company on an annual basis.  The maintenance of this legal documentation is generally known as the corporate formalities of the business entity.

The failure to properly manage the business’s corporate formalities is more common than you might think.  While this failure can be devastating to an individual, it is almost always entirely preventable with just a little effort by setting up the right processes from the beginning.

As professional small business lawyers specializing in the corporate formalities associated with corporate records with the intent of strengthening a business’s corporate veil, we have worked with hundreds of small business entities in Orange County specifically and in California generally.

In order to streamline and deliver services at manageable rates, Incorporation Attorney’s small business practice has established a discrete program which we simply call The Corporate Records Program.

The goal of The Corporate Records Program is to assist small business owners who own small business S corporations, small business C corporations and\or limited liability companies to properly update and maintain the critical corporate documents. The Corporate Records Program was designed to make it simple and cost-effective for the owner of a small business to efficiently maintain the core business corporate records and thereby maintain their crucial corporate veil protection.

When was the last time that a professional reviewed and updated the corporate records and corporate formalities of your business?  Click here to meet us today and protect your personal assets as your business grows.