The Business Legacy Protection Program
What the Business Legacy Protection Program Includes
On initial enrollment, EPLLC will:
- Review your Company’s internal operating documents (collectively referred to as the Governing Documents) to ensure they are current, properly coordinated, and compliant with state law.
- Prepare Notices, Waivers, and Minutes of Meetings as required to bring your Company into compliance with state law and the Company’s Governing Documents for up to two years before the date of your enrollment.
- Register as the Company’s Registered Agent and Registered Office with the State.
- File additional documents as required by the Department of State, Division of Corporations, when permitted.
- Prepare ownership certificates as required, and create and maintain ownership and transfer logs throughout the term of your enrollment.
What is the Business Legacy Protection Program?
Chances are your businesses documents won’t survive the continual changing governing laws on their own. The Business Legacy Protection Program can help. We’ll review your business documents on an annual basis, and make sure they still comply with the law and reflect the actions and changes in your business.
New business clients, who open a new corporation or limited liability company, or have EPLLC handle some other significant business planning matter, will automatically become members of the Business Legacy Protection Program for the remainder of the year in which they initially file their business with the Department of State, Division of Corporations (the “State”).
Thereafter, an annual fee will be billed for succeeding years each January 1. The annual fee to initiate or maintain the Business Legacy Protection Program is $595.00 per year. Additional businesses under common ownership will be enrolled at a discounted rate.
Learn More About the Business Legacy Protection Program
In order to make it easier for you to ensure your Business and its documents are up-to-date, in compliance with the governing laws, and that they accurately reflect the actions of your Company, the Estate Planning and Legacy Law Center, PLC (“EPLLC”) is proud to offer a new service, the Business Legacy Protection Program.
- Prepare Resolutions to be adopted by your Company as required by law, the Governing Documents, or at your Company’s request, but not to exceed once per quarter.
- Conduct Annual Legal Checkup meeting between your Company and EPLLC.
- Respond to periodic requests for information from the State.
- Make minor changes and revisions to your Governing Documents as required by changes in the law and at Company’s request, but not to exceed twice per year.
- Maintain a duplicate copy of your Company’s Governing Documents.
- Prepare ownership certificates as required, and maintain ownership and transfer logs.
- Conduct annual review of titling of Company assets and provide assistance and advice regarding titling or transfer of assets into your Company.
- Provide notary services (with reasonable notice to our office).
- Send periodic checklists and questionnaires to assist Company with annual updates, tax planning, retirement planning, end-of-fiscal-year planning, and other business planning matters.
- Send a reminder for the Company’s Managers or Directors to electronically file the Company’s Annual Report required by law with the Department of State, Division of Corporations.
- Extend discounted rates to your Company for business matters not covered by this service.
What the Business Legacy Protection Program Does Not Include
- Accounting services or the preparation of any IRS (Internal Revenue Service) or other tax forms.
- Legal fees associated with litigation, audits, dispute resolution, or arbitration.
- Representation to correct adverse consequences caused by Company’s negligence, errors, omissions, inaction, or failure to respond in a timely manner.
- Extraordinary research, detailed legal opinions, or other extraordinary services.
- Restatements or major changes to Governing Documents.
- Company appraisal fees.
- Bankruptcy, winding up, dissolution, merger, consolidation, or other major actions.
- Attorney conferences more than once per year.
- Attorney conferences for non-Company matters.
- Notices, Waivers, and Minutes of Meetings required to bring your Company into compliance with applicable law and the Company’s Governing Documents for more than two years of updates.
- Filing and recording fees to return your Company to good standing or to bring Company into compliance with applicable law.
- Retitling and transfer of assets into your Company and applicable conveyance fees.