Corporate Records for Large and Small Business
A small business or company that wishes to expand has the opportunity to do so by incorporating. A corporation is a large group of interrelated entities that comprises numerous business, legal, and financial ideas. It is critical for any businesses looking to incorporate to ensure that their corporation paperwork is accurate and correctly submitted to the state.
In Texas, corporate statutes demand that companies register a very detailed certificate of formation with the Secretary of State. A Texas corporation must maintain the following items with their corporate records at the main office to register a certificate of formation:
- Books and records of accounts
- Minutes of director and shareholder meetings
- List of previous and current shareholders’ names and mailing addresses
- Number and class of shares owned by each holder
- Stock transfer ledger detailing the original issuance of shares
- Each transfer thereafter
Summarily, corporate records are the documents that a U.S. corporation must keep to show that it is operating in accordance with IRS rules and the state legislation in which the business exists as a corporate entity.
Keeping track of these corporate documents can be difficult for anyone, but especially small business owners. This is what makes hiring Austin business lawyers a must.
Why You Need Business Lawyers for Your Corporate Records
Texas business attorneys advise companies and businesses on how to keep up with rules and regulations, which bind them as a business entity. Business attorneys also help with business litigation, business disputes, and other matters. Even if you don’t choose to form your business as a corporation, a business attorney can help you plan the best way to structure your business and make sure that all your bases are covered.
It is always a good idea to have a lawyer on board as a business owner to help you make decisions when starting or running your business. A corporate lawyer can help you create documents and business contracts, and can give you advice on other important decisions. Here are a few more reasons to hire corporate lawyers in Austin:
How the Right Law Firm Can Help Amend Record Books
Before a business can be shared with banks, accountants, investors, and other stakeholders, the corporation’s record book documents need to be complete. A Texas business attorney can assist clients in locating any missing documentation and ensuring that the company is prepared to disclose it.
The process of amending a record book may be time-consuming and costly. However, it all depends on how much time has elapsed since the business was incorporated, as well as the number of transactions that have taken place in between. You need a dedicated legal team to provide you help with whatever legal problems you face along these lines.
Corporate Governance and Business Law
A corporate lawyer may assist with the crucial duty of assisting a company’s governance processes by providing legal advice. Corporate governance is the system that ensures a company is run legally and follows policy. The objective of this system is to ensure that the various components, departments, teams, and units of a corporation are operating effectively and efficiently.
As part of this system, a corporate lawyer might be tasked to review and evaluate the articles of incorporation as well as the constitution and by-laws of the corporation.
Attorneys who specialize in this area keep you informed on changes in legislation, government policies, and rules that impact the industry to which the business belongs. They will keep up with everything from tax law and real estate law to intellectual property law so that you know what your business must do to comply.
An Austin business lawyer may also help prepare and write new policies that reflect the company’s new attitude towards its employees and workers in light of any change in the government’s policies and regulations. All of these measures are taken to guarantee that your business entity continues to meet the business law laid out for you.
The Best Austin Business Lawyers in the Game at Kelly Legal Group
If you’re searching for a trustworthy law firm to handle your corporate records, as well as other business law matters, look no further than the Kelly Legal Group. With legal specialization in business law, our corporate lawyers in Austin provide the finest legal services and can boast of the best attorney-client relationship. Whether you’re a small business owner or large enterprise company- call us now at 512-505-0053 or contact us online for all your legal needs!
“I cannot speak highly enough of the staff at Kelly Legal Group and Attorney Chris Cummings. Facing a time sensitive legal issue with a difficult party, I was overwhelmed and unsure of how to proceed. From intake on, they took the time to truly understand not just the legal intricacies of my case, but also my personal concerns.
Chris’s expertise and guidance were invaluable throughout the process. He was not only knowledgeable and professional but also genuinely empathetic to my situation. They worked diligently to ensure that my case was resolved in a timely manner, ultimately achieving the desired outcome. I would recommend their services to anyone in need of legal assistance!” ~Brittany S.
“I came to The Kelly Legal Group during a tough time in my life where seemingly everything was falling apart around me and they were understanding and diligent, as well as willing, to help me with my case. They truly only charge for true work they do. These guys work hard too! I worked with Anna and her team and we ended up with a positive result in our case. I wholly trust them with all my being and would certainly recommend them or use them again if need be.” ~Jordana K.
“Fantastic team. They helped me square away deed paperwork. They were very responsive, knowledgeable, and clear in the steps required. Pam, Elsa, and Lyndsey were great to work with! I highly recommend using them for any legal work required. Big thank you to the Kelly Legal Group!” ~Calixto K.
“Kelly Legal Group was great to work with and brought my automobile accident claim to a successful resolution. Mr. Kelly was very easy to work with and kept me well-informed every step of the way. The staff was courteous, professional and maintained great communication.” ~Shane H.
“I hired the Kelly Legal Group for a condo purchase in Austin. Jeff and Greg assisted me throughout the whole process from making offers to closing.
They were particularly helpful when additional clarification was needed regarding parking spot assignments and we were able to get the appropriate documents from the seller and closed on schedule.” ~Alexandre J.
“If you are buying land, especially in west Texas, where you need to dive deep into mineral rights and even wind rights, it’s best to take advice from an attorney. I wasn’t aware that when you buy land, someone else might gave wind rights which means they can build a windmill whenever they want…on your land.
I want to thank Sana at Kelly Legal Group in Austin. She helped look into existing lease, contract, title warranty, and guided me to a successful closure.
Yes the advice costs money per hour, but is worth it for the peace of mind during and after the purchase.” ~Chandra R.
“I wanted to share a very positive experience with Jeff Kelly. I called his firm earlier today and was set up with a same day appointment. I had a lot of questions and uncertainty in my situation and Jeff was definitely able to put my mind at ease. I don’t look forward to the potential legal problems down the road but I do look forward to partnering with Jeff because I know he will have my back and make sure the right thing is done. Thank you Jeff!!” ~Melanie A.