Organised company records help directors and shareholders work from a shared understanding.
Keep core records accessible
An organised governance file brings together constitutional documents, key resolutions, ownership records and relevant authorisations. The precise records needed depend on the organisation and applicable requirements.
Record the basis for decisions
Clear minutes help explain what was considered and agreed. Ensure that decisions are recorded consistently and retained in an appropriate place.
Review responsibilities regularly
Assign responsibility for maintaining records and identifying dates that require action. Seek advice for the requirements that apply to your particular company.
A considered review starts with the business arrangement, then works through the obligations, risks and exit provisions.
Read insight: Before you sign: a practical contract review checklist A short timeline and the right documents can make an initial discussion more focused and useful.
Read insight: Preparing for your first legal consultationStart with an initial conversation about your needs.