Los Angeles County Cannabis Corporate Governance Attorney
In the cannabis industry, how you run your company is every bit as important as the steps you take to establish the business. Your corporate governance begins even before you start operations as you draft the bylaws and procedures that will describe the rules governing your business. Ultimately, it is your governance that will persuade the state to grant you a license and will allow you to stay in business.
Why Corporate Governance Matters in the Cannabis Industry
Corporate governance is crucial for so many reasons. First, it will protect your business against mismanagement by officers and others who make key decisions. Sound corporate governance will put safeguards in place to prevent things such as conflicts of interest and other improper business practices.
Not only will corporate governance show the state that you can be trusted, but it will also send the right message to other stakeholders such as suppliers and investors. Without sound procedures and safeguards, you may struggle to attract the capital that you need to grow your business.
Unfortunately, some companies fall apart over discord and mismanagement. The good news is that an attorney who can help manage this situation through strong written procedures and sensible advice when issues arise could ensure that your business survives and thrives.
Your corporate governance attorney may draft the documents that make everyone’s roles and responsibilities clear. This would remind officers and key employees of their duties of good faith and loyalty. Remaining in business is every bit as important as starting up your company.
Contact a Los Angeles County Cannabis Corporate Governance Lawyer
At Kaver Law Office, we are experienced in all matters of corporate law and the marijuana industry, and the combination of this knowledge makes us a valued partner. Call us today at (310) 620-6420 or contact us online to learn more about the critical importance of cannabis corporate governance.