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Corporate Compliance Services

For risk avoidance purposes, publicly-held companies typically prepare internal compliance programs. Such practices do not need to be reserved for only large public businesses. Small private businesses can also benefit from preparing and implementing a compliance program.

A compliance plan can particularly benefit smaller businesses seeking future IPO or acquisition. Such plans will ensure risks are avoided and/or conflicts are minimized during these transactions.

Generally, a business compliance plan includes:

  • Instituting standards and procedures to prevent and identify internal criminal conduct;
  • Designating a party who will act as “owner” of the compliance program and will be responsible for monitoring the daily operations of the program;
  • Establishing evaluation measures to ensure that individuals with oversight authority have not participated in illegal activities or acted in violation of the program;
  • Properly training employees to comply with the compliance program on a daily basis;
  • Completing a periodic review of the program and providing employees a process to anonymously report potential violations without fear of retaliation;
  • Enforcing the program via incentives and disciplinary measures; and
  • Responding immediately to any criminal conduct that may be discovered.

The Luftman, Heck & Associates Advantage

Whether you are starting a new business, dissolving an existing one or just need assistance with corporate compliance, Luftman, Heck & Associates is dedicated to working with you to achieve the best results. If you are need of business law representation in Ohio and are interested in learning more about Luftman, Heck and Associates LLP, please contact us online. A member of the firm will contact you directly to discuss your case in more detail and provide additional information about our legal services for your business.

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