Choosing the right entity management platform is a critical step in ensuring your business entities remain in good standing with the Secretary of State. Not all entity management platforms are the same, so it is important to thoroughly research each provider before deciding. Here are a list of things that you should look for when selecting an entity management platform.
Centralized Entity Management Platform
It is important to keep accurate and up-to-date information on all your legal entities. By having a centralized database platform to manage your legal entities, you can remove manual processes and reduce risks with one single point of information.
Automated State Filing Alerts and Notifications
A good entity management platform will track compliance due dates, and automatically notify all relevant parties of upcoming deadlines. Automated state filing alerts ensure businesses don’t miss costly filing deadlines.
Owner and Shareholder Management
Because business owners and shareholder information frequently changes, your entity management platform should have an easy-to-use built in tool to manage this complex data. It should be quick and easy for businesses and legal departments to create, update, or visualize ownership and shareholder information within their dashboard.
Because legal documents and other sensitive information are stored within the entity management platform, it is critical you choose a provider that is security verified by third-party audits. Make sure your entity management provider uses industry-standard security technology and enforces organizational requirements for managing your data.
Reputable Company with a Dedicated Support Staff
Reputations are earned, not given. Look for an entity management platform that has earned a reputation for innovative technology. And, since managing a network of entities can become overwhelming and complex, your entity management provider should have dedicated support staff trained and available to help you every step of the way.
If you would like to learn more about Legalinc’s Entity Management Platform, call us at 866-757-5850 or schedule a demo.