Corporate governance and compliance protects the corporate veil and is a duty of officer of an LLC or Corporation. What is corporate governance and compliance and why is it so important to protect the integrity of the “corporate veil” in San Diego and throughout California and the US? The corporate veil is simply the legal designation for the entity that separates the shareholders, officers and directors of a corporation or members in an LLC from personal liability for business liabilities and obligations. There are specific actions related to corporate governance and compliance that must be taken each year to ensure that the foundation of corporate documents, policies, procedures, and the actions of its employees and shareholders remain in full compliance with all federal, state and local laws and regulatory mandates.
Recent years have brought dramatic change in both the legal corporate landscape as well as the activism of shareholders. Corporate officers and the Board of Directors must take consistent action to ensure corporate governance and compliance protects the corporate veil while staying abreast of updates and changes to a host of local, state and federal ordinances and laws. Allen Barron, in coordination with Janathan L. Allen, APC provide integrated legal, tax, accounting and business services for our clients. We ensure that all corporate documents and bylaws are kept current and in compliance with all changes and updates to associated laws and regulatory requirements.
We help to resolve disputes internally and externally, and work to ensure that all levels of the organization understand their responsibilities and how to represent the corporation within the scope of their capacities. We assist with all aspects of the corporate board of directors including hiring, changes, compensation and legal advisory services.
Maintaining corporate governance and compliance protects the corporate veil while maintaining effective standards for all officers, directors and members of the corporate family ensures that legal exposures are kept to a minimum and that the corporate veil is protected. If you have questions about corporate governance or compliance we invite you to contact Allen Barron or call today to schedule a free and substantial consultation at 866-631-3470.
