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!