Why Filing an Annual Report on Time Matters for Your Business
Filing an annual report is a crucial responsibility for businesses of all sizes. Not only is it required by law, but it also serves as a vital communication tool between a business and the state in which it is registered. Annual reports provide updates on the business’s status, ownership, and management changes, and other relevant […]
What is an Independent Director?
An independent director is hired by an entity to sit on the board of directors. They are not affiliated with the operation of the entity and are independent in order to make unbiased decisions regarding financial matters should the need arise.
What to Look For in an Independent Director
Though lenders require you to have an independent director, if your business is facing financial hardship, choosing the right one can be stressful because you may not know exactly what you need or what to look for.