Balancing short-term benefits against long-term costs
One bright sunny day, Jack, a junior lawyer, discovers what could be a problem—Great Idea Inc., the big-potential startup corporate client for which he is working, does not have any organizational records. Jack’s job is to prepare Great Idea for a major venture capital investment. He has the Certificate of Incorporation that was filed in Delaware three years earlier, but the officers of the company say that their only records consist of a cloud-stored spreadsheet that shows the equity ownership upon which the three owners have agreed. Jack knows that the Delaware corporate statute requires an organizational meeting for the election of directors and then board action to issue shares and elect officers.
Continue Reading Will remote work adversely affect the training, productivity, and retention of lawyers? (317)