This document provides guidance on establishing and managing advisory boards for startups and emerging companies. It discusses the goals of advisory boards, types of boards, member obligations and benefits, company obligations, considerations for board composition and structure, qualifications for members, recruiting members, terms of service, compensation, agreements between the company and members, managing board operations, meeting logistics, and public relations regarding the board. The overall purpose is to leverage the expertise, networks and credibility of advisory board members to provide strategic guidance and support to startup companies.