As public companies are increasingly opting out of providing paper certificates to shareholders in favor of providing electronic registration, most private companies and their shareholders have yet to follow suit. Issuing uncertificated shares is allowed under most states’ laws, and, as many on the public company side can attest, numerous cost and time efficiencies can be gained by going paperless with shares.
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Electronic Minute Books 2.0
Keeping an organized, complete minute book is necessary for establishing the legal record of actions properly documented, retrieving information, and quickly disclosing documents to investors for due diligence. The following article compares the traditional paper method to various more efficient and searchable electronic options.