Board Advisory
Most private companies do not need a full board. They need one or two seasoned voices in the room when the big decisions come up. Ben Wagner serves on a small number of advisory boards and boards of directors each year, bringing CFO, M&A, and operator experience to founders, family-owned businesses, and management teams that want senior outside perspective without political baggage.
Who It's For
This service is built for owners and executive teams of small and mid-size private companies in Florida and nationally that are navigating growth, governance, or transition. Common situations include founder-led businesses installing their first outside advisor, family businesses preparing for a generational transition, second-stage companies professionalizing operations, and PE-backed or family-office portfolio companies that need an independent seat on the board. We also serve early-stage companies where the founders want a financial and exit-minded operator in the room before they raise capital.
What We Do
Independent Director Roles. We serve on boards of directors as an independent fiduciary, contributing to governance, financial oversight, and strategic decision-making with the rigor a sophisticated board demands.
Advisory Board Seats. We participate in advisory boards on a recurring cadence, providing financial and operational perspective without the fiduciary scope of a director role.
Special Situation Engagements. When a company faces a defined situation, such as a sale, capital raise, partnership dispute, or leadership transition, we step in for a fixed term to add senior judgment through the event.
Board Meeting Preparation. For companies that want to upgrade the quality of their existing board, we work alongside the CEO and CFO to sharpen the materials, the agenda, and the pre-read so the board produces decisions, not discussion.
Exit and Value Creation Lens. Every board role LiNQ takes is informed by the work we do on the exit advisory side. The questions a future buyer will ask shape the questions we ask in the meeting.
Engagement Structure
LiNQ takes on a small number of board roles each year to ensure every commitment gets the attention it deserves. Director and advisory board engagements are typically structured as annual commitments with quarterly meetings and direct access between meetings. Special situation engagements run for the length of the event. Compensation is paired to the role and may include cash retainer, equity, or both. Ben does not accept board seats where the work is ceremonial.
Looking for a Senior Voice on Your Board?
If you are building your first advisory board, replacing a board member, or facing a decision that calls for independent perspective, schedule a discovery call to discuss fit.
Frequently Asked Questions
What is fractional board advisory?
Fractional board advisory is when a senior advisor serves on a company’s board of directors or board of advisors on a part-time basis. LiNQ provides board-level financial, exit, and AI strategy expertise to founder-led businesses and portfolio companies without the cost or commitment of a full-time board member.
What is the difference between a board of directors and a board of advisors?
A board of directors is a formal governance body with fiduciary responsibility, typically required for corporations and venture-backed companies. A board of advisors is an informal group providing strategic counsel without legal authority or responsibility. Many founder-led businesses start with an advisory board before formalizing a board of directors.
When does a business need a board?
Most founder-led businesses benefit from an advisory board once revenue exceeds $2M to $5M. A formal board of directors becomes appropriate when the business takes on outside capital, plans a sale, or grows beyond $10M in revenue.
What does a board advisor cost?
Board advisor compensation varies widely. Advisory board roles typically pay $15,000 to $50,000 per year in cash, equity, or both. Formal board of directors seats for private companies typically pay $25,000 to $75,000 per year plus equity.