Why Do You Need a Minute Book? Whether you have organized your corporation in Delaware, California or any other state, your existence as a corporate entity begins with the filing…
Corporations are distinct legal entities owned by their stockholders. Unlike a partnership, a corporation may be owned by a single person who may (but need not) be the corporation’s sole…
Focus on what’s important, negotiate and resolve the important points early, get the deal closed as quickly as possible and get back to growing the company. When you receive a…
“Friends and family” financings: tapping your personal network Entrepreneurs often need only modest amounts of capital in the early stages to cover expenses incidental to the business. Sometimes entrepreneurs cover…
Maybe you’ve been granting options and restricted stock from your equity incentive plan for a while now. Perhaps you and your team have developed a good process – you renew…
Here are a few things that an investor should keep in mind when considering whether to become a director of an Indian company. Appointment Process The appointment process of becoming…
A Delaware public benefit corporation (PBC) is a for-profit corporation intended to produce a public benefit and operate in a responsible and sustainable manner. A PBC must be managed in a way that balances the interests of the stockholders, the company’s key stakeholders, and a specific public benefit that the company commits to in its charter.
The duty of loyalty requires that the interests of the company and stockholders be placed before personal interests when making decisions and evaluating opportunities.
An earlier version of this post originally appeared on In The (Red): The Business Bankruptcy Blog, which I created for CEOs, CFOs, boards of directors, credit professionals, in-house counsel and others to…
Control is a critical component of every venture capital deal. Control can be used to dictate desired outcomes or, through “negative controls,” to block undesired outcomes. Negative controls are typically…
Entrepreneurs are used to juggling many roles on their way to building a great company –you’re a founder, employee, director and officer. When you’re wearing the director “hat” for a…
Most high growth companies that are set up for venture capital funding don’t use a stockholder agreement We sometimes get asked whether founders should put in place a “stockholder agreement”…
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