Corporate Formation and Governance

Keep Your Business Compliant and Thriving

At HMLG, we don’t just help you set up your company and leave you to figure things out on your own. We provide customized solutions to ensure your business operates smoothly and stays compliant with ever-evolving laws and regulations. Whether you’re managing a startup or a global enterprise, we’re here to guide you every step of the way.

Governance Expertise Tailored to Your Needs

Every entity, from corporations to LLCs, has unique ongoing responsibilities for its management, board of directors, and advisors. HMLG is highly experienced in all aspects of governance counseling, including board and committee composition, operational processes, and maintaining independence. We customize our approach to meet the specific requirements of your business.

Staying Ahead of Regulatory Challenges

We recognize the challenges corporate executives and directors face when navigating complex regulatory environments. New laws and regulations continue to emerge, creating a shifting landscape impacting businesses of every size. HMLG’s expertise ensures you stay ahead of these changes, so you can focus on what matters most—growing your business.

How HMLG Works With Your Management Team

HMLG works closely with your management team, accounting and finance departments, and other stakeholders, performing the chief legal officer function for companies without one. This collaboration streamlines operations and keeps compliance consistent across the business.

HMLG Corporate Formation and Governance Services:

  • Entity Selection
  • Board and Shareholder Meetings and Minutes
  • Director and Officer Agreements and Duties
  • Board of Directors Implementation and Management
  • “Best Practices” and Codes of Conduct
  • Conflicts of Interest and Related Party Transactions
  • Document Retention
  • SEC Compliance/Securities Laws
  • Shareholder Relations
  • Member/Managing Members Rights and Responsibilities
  • Cap Table Management
  • Due Diligence Set-up and Management
  • Operations Set-up and Implementation
  • Stock and Incentive Plans

FAQ

What is corporate governance?

Corporate governance is the set of rules, practices, and records determining how a company is directed and controlled. It covers board composition and duties, shareholder or member rights, meeting and minute requirements, conflicts of interest, and document retention.

Do I need a board of directors for a small company?

It depends on entity type and state law. Corporations generally require a board. LLCs typically do not, though many adopt a similar management structure. Investors often require board formation as a condition of funding.

What happens if a company never keeps board minutes?

Missing governance records can weaken liability protection, complicate financings and acquisitions, and create problems in disputes. Reconstructing them later is difficult and sometimes not possible.

What is entity selection?

Entity selection is choosing the legal form of your business, such as an LLC, S-corporation, or C-corporation. The choice affects taxation, ownership flexibility, investor eligibility, and administrative obligations.

ARE YOU READY TO TRANSFORM YOUR LEGAL STRATEGY?

Let’s connect! Whether you’re looking for an in-house legal team or need to augment your existing counsel, HMLG is ready to help you rock your business.

Contact us today to learn how we can assist you with practical, proactive, world-class legal support.

3213 Harbor Avenue SW, Ste. A2
Seattle, WA 98126
(206) 774-0879

CONTACT US ››