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The 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 u
by federiconitidi 7y ago
The 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.