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Fiduciary Duty

What is a Board of Directors?

3 mins
An analysis of the Board of Directors in a startup, detailing their legal power to manage the CEO and the critical distinction between binding votes and friendly advice.

What is a Board Observer?

3 mins
This article defines the Board Observer role, explaining their rights to information, lack of voting power, and how founders should manage their presence in board meetings.

What is Fiduciary Duty?

3 mins
Fiduciary duty is the legal obligation to act in the best interest of the company. This article defines the duties of care and loyalty and explains how they bind founders and board members.

What is a Defined Contribution Plan (401k)?

3 mins
A straightforward overview of defined contribution plans like the 401k, contrasting them with pensions and outlining their strategic value for startup retention and financial planning.

What is a Benefit Corporation?

3 mins
An overview of the Benefit Corporation legal structure, explaining how it legally obligates companies to weigh social impact alongside profit and how it differs from voluntary certification.