Lane Powell Attorney Annie Lee authored an article in the February 3 issue of Portland Business Journal titled “Implement These 10 Best Practices to Improve Your Business.” In the article, Lee lists 10 practices that will reduce unnecessary distractions and detours, preserve the health of a business and contribute to its continued growth and prosperity.
1. Attend to basic housekeeping. Make sure your corporate records are in order. Keep a minute book that includes your company’s organizational documents, shareholder agreements, tax elections, minutes of board and shareholder meetings, and other key items.
Significant actions, such as electing board members, appointing officers and declaring bonuses and dividends should be documented as they occur.
Please see full article below for more information.
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Business Organization Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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