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Governance

Governance ensures your company runs smoothly and stays compliant. It involves setting rules for decision-making, documenting board or partner actions, and meeting legal obligations.

In practice:

  • A construction firm with multiple owners may need clear policies on who can sign contracts.

  • A tech start-up may need board resolutions to issue shares or authorize financing.

 

Risks of neglect:

Failure to keep corporate records or file annual reports can result in fines or even administrative dissolution. In more serious cases, courts may refuse to treat the business as a separate entity, exposing owners to personal liability—a process often called “piercing the corporate veil.”

How we help:

We create governance structures that fit your company, draft shareholder or partnership agreements, keep you on track with compliance calendars, and prepare meeting minutes and resolutions. Good governance reduces risk, resolves disputes before they begin, and protects both the business and its owners.

©2025 by Sound Impact Law, PLLC. All rights reserved.

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