Compliance Stuff

Corporate governance & compliance preserves the corporate veil and is a duty of any officer of an LLC or Corporation. What is corporate governance and compliance, and why is it important to protect the integrity of the “corporate veil” throughout California and the U.S.? Important Takeaways of How and Why Corporate Governance & Compliance Preserves the Corporate Veil: The "corporate veil" is the primary reason for having any business entity. The business entity shields the company's owners from personal liability that might otherwise arise out of the risks and disputes of business. Protecting the corporate veil through governance and compliance is a key duty of any officer of the corporation, and should always be a focus. Depending on the size and scope of the corporation or LLC, governance and compliance should be an annual priority, and at least a quarterly focus. Governance is about setting the policies and direction of the corporation. Compliance is preci...