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Which country are you in and if your listed there should be guide lines on standing orders etc. For running meetings in the UK you can use Citrine and I suspec
by walshemj 7y ago
Which country are you in and if your listed there should be guide lines on standing orders etc.
For running meetings in the UK you can use Citrine and I suspect the USA would use Roberts Rules.
- federiconitidi 7y agoThe company was a Delaware C corp. You're right, I found some guidelines on how do document meetings minutes and followed those. Just wondering if people were using any other tool/service given to keep compliance, given that formalities extend beyond shareholders/BoD meetings (think about stock ledger, filing officers with Secretary of State, renewing licenses, etc)
- eldavido 7y agoI've had little difficulty with any of this. Clerky seems to be the standard for tech co incorporation, I know a few that've used this, it works fine. I've worked at places using Carta for stock, it works. I think it's good to get out in front of this problem (tracking share issuance) with software. For the filings, they aren't hard, just set a few reminders on your calendar and do it. One thing I think merits mention, early-stage tech companies have rather unique problems other types of businesses don't have. I think that's why a lot of the general advice on this stuff might not apply. e.g. I bet less than 0.01% of all incorporated entities issue share options. So a lot of the general advice online might not apply.
- federiconitidi 7y agoThanks! True, some needs are probably tech-cos specific. Having said that, I guess I wished I had back then some more guidance on keeping compliance, remember due dates, rnew licenses etc. Like a Marie Kondo for basic legal entity management if you see what I mean. Clerky probably does this but we didn't use it for incorporation and it wasn't easy to migrate.