Michael Chrisostomo, Matt Shell
Corporate Housekeeping 101
Michael Crisostomo & Matt Shell | Associates, Holland & Hart LLP
November 20, 2024
Speakers: 3 – 4 p.m. | Networking: 2 – 3 p.m.
UNR Innevation Center
Register for free tickets below
The lack of good corporate housekeeping procedures can yield a plethora of adverse consequences. These can range from legal repercussions, such as non-compliance with corporate governance regulations, to operational inefficiencies, such as mismanagement of documents, improper tracking of decisions, or miscommunication within the organization. The absence of appropriate corporate housekeeping procedures hampers the ability of a business to meet regulatory requirements, maintain a functional corporate structure, and ensure transparency in its operations and dealings with stakeholders. This could ultimately lead to erosion of confidence among shareholders, potential litigation, and reputational damage.
Conversely, implementing good corporate housekeeping procedures offers several benefits. These include enhanced operational efficiency, compliance with legal and regulatory requirements, and improved transparency in corporate dealings. Effective corporate housekeeping ensures orderly maintenance and management of corporate records, making it easier to track past decisions and actions. This not only aids in efficient decision-making but also contributes to transparency, which builds trust among shareholders, creditors, and other stakeholders. Regularly reviewing and updating corporate records and documentation can also help identify and address potential issues in a timely manner, thereby reducing legal risks. In essence, good corporate housekeeping procedures enable a business to function smoothly, maintain its credibility, and uphold its reputational standing.
During the November Biz Café, Michael and Matt will cover:
The importance of creating good habits regarding corporate hygiene.
The basics of recordkeeping and maintaining an accurate capitalization table.
Management's responsibilities regarding fiduciary duties.
The consequences of lacking good corporate hygiene.
Tools and resources available, e.g., Registered Agents.
Michael supports emerging companies through corporate matters from business formation to mergers, acquisitions, securities offerings, and more. His practice focuses on guiding clients through the early stages of the business lifecycle. Michael helps clients navigate the complexities of a new business, ensuring compliance through every step of the process and provides valuable end-to-end strategic transactional support for companies in a range of industries.
Matt counsels businesses in a range of industries on corporate matters, with a focus on clients in the early stages of their company's growth as well as mergers and acquisitions transactions. Matt represents corporate clients, private equity clients, and their portfolio companies in formation, financings, mergers and acquisitions, joint ventures, and other strategic transactions. He smoothly guides companies through any issues that may arise over the course of a transaction, utilizing his experience across the corporate and private equity landscape.
This presentation is designed to provide general information on pertinent legal topics. The information is provided for educational purposes only.
Statements made or information included within this presentation do not constitute legal or financial advice.