Management Structuring

Are you starting your business alone? Perhaps you already have partners. Or maybe you have plans to grow your company by adding key executives and employees along the way.  How should ownership of the company be structured to best reflect today AND the future? Will day-to-day operations be run by an individual or a committee? What about major company decisions?  Will you have a board of directors or board of managers? Is there any value to having a board of advisors? Does your corporate structure require you to have corporate officers, and if so, who will fill those roles? And don't forget to consider what happens if one of your founders leaves your company in the future.

The structure of your company should reflect how you want it to run so that the right people are involved in making decisions to help guide your company without making operations slow or unwieldy.