{"id":560594,"date":"2012-06-27T07:41:44","date_gmt":"2012-06-27T11:41:44","guid":{"rendered":"https:\/\/vrbbd.wpengine.com\/vrbbgreenbay\/a-board-advisors\/"},"modified":"2022-01-31T12:44:13","modified_gmt":"2022-01-31T17:44:13","slug":"a-board-advisors","status":"publish","type":"post","link":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/a-board-advisors\/","title":{"rendered":"A Board of Advisors"},"content":{"rendered":"<div>\n<p>In most jurisdictions, a board of directors is not required for privately held companies.\u00a0 However, many of these companies have appointed what might be termed advisory boards.\u00a0 Although they may not have any legal authority, owners of these privately owned companies have discovered that this team of outside advisors can assist them in many ways.<\/p>\n<p>One important way they can help is just by having their name and\/or company affiliation attached to the company.\u00a0 This can open doors to new customers and new relationships.\u00a0 Appointing advisors from both the accounting and legal fields can help insure that the company maintains strong controls on these important areas.\u00a0 This board can also assist in developing company strategy and systems.\u00a0 A business-savvy board can also help in management succession and can help prepare the company for sale.<\/p>\n<p>In order to create a strong and helpful advisory board, \u201ccronies\u201d should not be included. The advisory team can consist of two to four people. They should meet several times a year, or in emergency sessions when necessary, and be available by telephone.\u00a0 They should also be compensated for their time just as any consultant would be.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In most jurisdictions, a board of directors is not required for privately held companies.\u00a0 However, many of these companies have appointed what might be termed advisory boards.\u00a0 Although they may not have any legal authority, owners of these privately owned companies have discovered that this team of outside advisors can assist them in many ways. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-560594","post","type-post","status-publish","format-standard","hentry","category-general-business-brokerage"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts\/560594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/comments?post=560594"}],"version-history":[{"count":0,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/posts\/560594\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/media?parent=560594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/categories?post=560594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/tags?post=560594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}