Board and Shareholder Approvals 101 for Emerging Technology Companies

This article outlines the basic Board and Shareholder approval requirements of typical early stage emerging technology companies.

Now that you’ve incorporated your emerging company, you may be wondering, “How often do I need to hold Board and shareholder meetings?” and “What decisions do I need to bring to the Board or the shareholders?” These are common questions, and the answers differ company by company, to some extent. This article is written for founders of typical early stage emerging technology companies. Continue reading →

Electronic Minute Books 2.0

Keeping an organized, complete minute book is necessary for establishing the legal record of actions properly documented, retrieving information, and quickly disclosing documents to investors for due diligence. The following article compares the traditional paper method to various more efficient and searchable electronic options.

As a paralegal, I have done my fair share of preparing and updating corporate minute books. Keeping an organized, complete minute book is necessary for establishing the legal record of actions properly documented, retrieving information, and quickly disclosing documents to investors for due diligence, among other reasons. Despite the proliferation of electronic files, physical copies of minutes and consents are still typically kept in three-ring binders or those confounded hard red books. Neither Wisconsin nor Delaware laws require that minutes be kept in original, hard copy. Continue reading →