Crafting Your Corporate Documents from A “Ball of Clay”
April 27, 2016
Imagine your corporate documents — an operating agreement, bylaws, or partnership contracts — are a ball of clay.
In its simplest form, a ball of clay can be molded into an elementary candy dish. But in its most complex form, that lump of earth can be transformed into an exquisite piece of art.
Think of an experienced business attorney as a ceramics expert. He should be able to craft your corporate documents to reflect the nuances of your industry and the complexity of your business.
Corporate governance documents come in many different forms, including an operating agreement, bylaws, or partnership agreements, in addition to other important corporate documents. Depending on your type of business and local statutes, certain documents may need to be filed with your Secretary of State.
And when it comes to corporate documents, there is no one size fits all. Every business is different, coming with its own set of circumstances. Thus, a company’s documents should account for the distinct characteristics of that business.
But in addition to emulating your company’s peculiarities, properly-prepared corporate documents should help unlock the potential of your business. If well-conceived, these documents will acknowledge potential future conflicts and thwart confusion by clearly defining roles and expectations.
As Benjamin Franklin said, an ounce of prevention is worth a pound of cure. In this case, a ball of clay can become your company’s piece of art — and its safeguard.