Our firm is unique; our firm provides Compliance services to our clients. Many other legal firms can and will assist a client in setting up an entity, but are not prepared or staffed to assist you in the maintenance for that entity that must be done each year. Each year our clients undergo a thorough risk assessment to ensure Legal Compliance and Structural Integrity of each Asset, Entity and Agreement in their Asset Protection ™. As part of the “Legal Compliance” activities, we perform (non-accounting) reporting and documentation functions for each of our client’s Assets, Entities and Agreements as required by State and Federal law. Such requirements may include holding an annual meeting and preparing corresponding meeting minutes, ensuring that your entities are in good standing with their state of domicile, as well as making certain that the Asset Protection ™ is up to date from a litigation and audit perspective.
We also review the “Structural Integrity” of each of our client’s Assets, Entities and Agreements to confirm appropriate ownership, management and other aspects.
In summary, on a yearly basis we perform the following functions:
- Ensure each asset has been identified, valued and transferred to the appropriate entity or trust.
- Ensure each entity is up to date and in good standing from the following perspectives
- The state in which it was formed
- From a litigation perspective
- From an audit perspective.
- Identify and document each legal relationship. If previously identified and documented to make sure that the documentation is up to date.
With this information, we make certain that:
- Each entity has been appropriately registered and renewed with the appropriate state
- Minutes and Resolutions are drafted and signed for each entity
- New Agreements or revisions to existing agreements are made
- Recently acquired assets have been identified, valued and transferred to the appropriate entity or trust.
Law Offices of Travis Bowen, PC does not implement a plan and then leave it up to a client to handle these important details.
Your life and business are dynamic... a good plan must address these challenges. We make sure it does!