Medro Updates

Set Transaction File Sharing Boundaries Before Expanding the Team

By Don McClain

By Don McClain | Founder & Principal, Medro Advisors

The July 7 financing-team article recommends preparation before approaching capital providers. Add a file-sharing plan: identify the document owner, intended recipient, business purpose and approval needed before access is granted. Start with only the information necessary for that stage; review redactions and confidentiality terms with counsel where appropriate. Keep a record of recipients and remove access when their role ends. A larger advisory team should not automatically receive every customer, employee or financing record. Do not include passwords in transaction files. Discuss coordination within a written scope with Medro Advisors. FUNDED is forthcoming.