Whether you are seeking to become a broker-dealer or creating a registered investment advisor, or forming any other type of business, forming the legal entity is almost always the first physical step after the brainstorming has resulted in the decision to move forward.

Once the legal entity has been established each of the above entity types has a corresponding internal governance document that needs to be drafted. For example, by-laws and shareholder agreements for corporations, LLC Operating Agreements for limited liability companies, and limited partnership agreements for limited partnerships (which also include a similar process for the general partner).

Once your business has been established I can assist you in attending to “good housekeeping chores” such as, annual meetings, and minutes and resolutions that memorialize important company and partnership decisions.

The importance of keeping your company records in good order cannot be overstated, with arguably the most important reason being the establishment of a clear distinction between company business and the personal lives of its owners. Confuse these two areas and you unwittingly offer disgruntled third parties access to owners’ personal assets.

Contact me if you wish to discuss setting up a proper culture of compliance at your company.