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Hi Anne,
To coin a phrase "it depends".
Depends on how your spin-off's are set up. Some of ours have taken their records with them. In some cases the conceptual or pre-spin off materials have stayed with us. In one recent instance, their must be a clear line between us and a now totally stand-alone business.
Ironically if the spin-off folded, their materials returned to me.
Work with your legal team. They will guide you!
Rock on!
Sharon
Sharon Burnett, CRM
[log in to unmask]<mailto:[log in to unmask]>
Seattle Washington USA
"If it ain't broke, take it apart and see why. If it is broke, take it apart
and see why."
________________________________
From: Records Management Program <[log in to unmask]> on behalf of Anne Pfeffer <[log in to unmask]>
Sent: Wednesday, August 24, 2016 9:55 AM
To: [log in to unmask]
Subject: Company spin off
Hello fellow list-servers,
I've been a long time member and lurker, gaining a great deal of knowledge
from this group. Now I have a question and need your wisdom.
Our company has gone through many acquisitions and divestitures over the
years and I feel competent dealing with that, but now we are going to be
spinning off two business units into a separate company. Have any of you
been involved in something such as this and what differences would there
be from a divestiture. Is there anything specifically I should be
concerned with regarding the division of records?
Any and all guidance is appreciated.
Regards,
Anne T. Pfeffer
Manager, Corporate Records
[log in to unmask]
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