A business corporation is a for-profit firm that is incorporated or registered under the corporate or company law of a state. The four defining characteristics of the modern corporation are:
 Separate legal personality of the corporation (access to tort and contract law in a manner similar to a person) Limited liability of the shareholders (a shareholder’s personal liability is limited to the value of their shares in the corporation) Shares (if the corporation is a public company, the shares are traded on a stock exchange) Delegated management; the board of directors delegates day-to-day management of the company to executives In many developed countries outside of the English speaking world, company boards are appointed as representatives of both shareholders and employees to “codetermine” company strategy.
 Corporate law is often divided into corporate governance (which concerns the various power relations within a corporation) and corporate finance (which concerns the rules on how capital is used).
Corporate governance is an umbrella term used to refer to the many power relations and processes that occur within a corporation. A corporation’s board of directors is in charge of formulating the structure of governance in accordance with the corporation’s operations and goals, and all aspects of corporate governance impact a corporation’s stakeholders, customers, and regulators. The importance of a strong, clear, and appropriate corporate governance is critical for a corporation’s financial success, compliance, and reputation. These demands often fall on the shoulders of a corporation’s leadership team, including the members of the board and senior executives. Dealing with such important matters is no easy task, and many corporate leaders find themselves facing challenging matters while trying to choose between the best form of action. As an experienced corporate law attorney in Santa Ana, California, Marc L. Weber has the expertise needed in order to provide thorough evaluations and advise members of leadership on the best ways of navigating a range of issues. The following are just a few of the many aspects of corporate law and governance commonly encountered and handled by Attorney Weber in Santa Ana, California:
- Corporate risk identification and management
- Review of relevant bylaws
- Policy revision and evaluation
- Establishment and maintenance of ethical practices including full disclosure of corporate governance documents to stakeholders
- Succession planning
- Conflict identification and management
Corporate finance is an umbrella term used to refer to the way in which capital is used within a corporation, and involves matters related to funding, budgeting, financial resources, and capital structure. For expert guidance on the wisest ways to allocate resources and increase the value of a corporation in Santa Ana, California, a consult with an experienced corporate law attorney is recommended. There are four primary areas within corporate finance:
- Capital Structure – This involves determining which type of funding should be used for the formation of a corporation. Options include debt, equity, or both, and the decision will depend on an evaluation of available resources and corporate objectives.
- Investments – Which projects will provide the most value for a corporation and its stakeholders? In what way or order should such projects be executed in order to maximize value? These are just a couple of questions that may come into play during the growth and development of a corporation.
- Dividend Policy – How and when will shareholders be paid, and how will these decisions impact the type and quantity of future investors? A corporation’s board of directors is tasked with creating and implementing this very crucial component of corporate finance and may find the advice of an experienced corporate law attorney in Santa Ana, California
- Working Capital Management – Appropriately and wisely managing working capital—the balance between a corporation’s debts and funds used for daily operations—is a good indicator that a corporation is set up for long-term financial stability and success.
Marc L. Weber is a corporate law attorney assisting entrepreneurs and corporate leaders who aim to effectively manage their businesses in Santa Ana, California. Don’t hesitate to contact him today at (949) 833-8388 for a free consultation.
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