Create a board resolution that approves your startup entering into convertible instruments.
This is a board resolution that approves your startup entering into convertible instruments (e.g. SAFE, KISS or convertible note).
Generate this document because your investors are likely to want to see that your startup as properly authorized the execution of the convertible instrument they will enter into with you and approved its terms. This will likely be required before any funding occurs under the convertible instrument. It’s also good corporate governance to have such authority formally passed in written form before you sign an important document such as a convertible instrument.
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Login into your account (or sign-up, if you don’t have one).
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Go to the Generate Documents tab, choose United States from the dropdown and select Board Consent – Convertible Financing.
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Complete each field in the form and select your various options.
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Once you generate the document, you can save it in draft, edit it, and when final, send it for signature through our built-in DocuSign integration.
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US cap table solutions aren’t tailored to the differentiated needs of international startups. Clara is the only cap table provider we found that had emerging market startups in mind. Add to that all the other things you can do on the Clara platform, from building your ESOP to data room management, and switching was a no brainer.
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IP Assignments, what? I didn’t even know they existed before Clara. For startups, setting up governance, corporate structures, data rooms and fundraising are all hard to get right. Clara’s legalOS is premium. It pays for itself.
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Binance uses Clara to incorporate and manage ADGM entities. The team at Clara are extremely efficient and go the extra mile to ensure we always have a smooth experience and meet our deadlines. Top-notch service!
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