During the early-stage management:
Periodically review your governing documents (articles of incorporation and bylaws) and make sure you are operating consistent with those documents and that they remain compliant with applicable laws (which change over time).
Ensure that you are nurturing the development of the board (continual recruitment and retention practices can be critically important).
Be knowledgeable about your ongoing filing requirements (e.g., Form 990, CA FTB Form 199, CA AG Form RRF-1, CA Statement of Information).
Talk with an insurance agent about your organization’s insurance needs (consider minimally some type of general liability insurance and policy for directors and officers).
Make absolutely sure that you have compliant employment practices (employee-related liabilities may be your greatest risk exposure).
Understand other applicable laws that your organization must comply with, including those related to executive compensation, lobbying, electioneering, and intellectual property (e.g., copyright, trademark).
Delegate tasks with reasonable care, both in the selection of the right people and in the provision of ample resources to such people to accomplish those tasks.
Develop and adopt sound policies (e.g., document retention/destruction, whistleblower, executive compensation, expense reimbursement, gift acceptance, review of the Form 990).