Nancy Thanki

Minutes are an official log of decisions taken by a startup’s board of directors at board meetings. Failure to keep accurate minutes of board meetings may cause a company and board members to face legal problems in the future.

Most people don't pay much attention to the signature block when a contract is signed. Signature blocks and conventions around signature in legal contracts serve an essential function in determining the validity of a contract such as an investor agreement or stock option award.

An employer identification number or EIN is essential to doing business and you will need to get an EIN for your startup before opening a bank account, paying taxes or hiring employees.