Fiduciary Duty, Entrepreneurs

Who’s Actually in Charge Here?: The Real Difference Between Shareholders, Directors and Officers (and Why It Matters to Founders)

Pillsbury - Propel on 9/3/2025

When you’re launching a startup, it’s easy to blur the lines between owners, decision-makers and doers—especially when you’re all three. But as soon as you raise money, add a co-founder, or bring on outside help, things get...more

What Fiduciary Duties Do I Have as a Director of a Delaware Corporation?

Morrison & Foerster LLP on 6/30/2023

You’re an entrepreneur, you form your first company, and suddenly you carry the title of founder, director, officer, and/or employee all at once. When running your business, it may feel like all of your roles blur together....more

Changes to Corporate Capital in Equity Financing Transactions

Freeman Law on 9/9/2022

If the rule isn’t that anything goes with enough votes, what is it? Experienced entrepreneurs and investors alike understand that equity dilution is a fundamental aspect of investing in corporations. This is especially...more

What You Need To Know About Negotiating A Venture Term Sheet

Goodwin on 11/2/2020

For any founder, whether a first-timer or a serial entrepreneur, it’s an exciting moment when you receive a term sheet from a venture capital fund for your company’s first preferred stock financing round. Excitement aside,...more

Corporate Law & Governance Update - April 2019

McDermott Will & Schulte on 4/26/2019

DIRECTORS AS VENDORS - A new controversy at a large health system highlights the legal and reputational challenges that can arise when directors sell services to the organizations they serve as fiduciaries. According to...more

The Wind Down: a stage of life for start-ups

BCLP on 8/22/2018

Companies and their investors start with great enthusiasm. But in the life cycle of some companies, the enthusiasm (and funding) dissipates before the company has achieved an attractive sale or IPO....more

Common Misconceptions Regarding Preferred Stock Create Risk of Costly Mistakes

Foley & Lardner LLP on 7/30/2018

Preferred stock is commonly used for venture capital and private equity investments. It gives the investor the ability to convert to common stock if the deal succeeds, and also includes protection of the liquidation...more

Fiduciary Duty › Entrepreneurs