The term “governance document” is a catch-all phrase for certain binding agreements that owners of corporations and LLCs use to govern the rights and relationships among the business owners and the corporation or LLC. Governance documents are important because they outline and control how the organization will function.
They provide a roadmap, answering questions such as:
*Who can make decisions or bind the company in contract?
*What if I no longer want to be a part of the organization?
*What happens if an owner passes away?
The business attorneys at Buxton & Collie can help you work through these questions and many others, crafting the governance documents necessary for your business.
