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Director Corporation Form

Director Corporation Form

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Instructions and help about executive director for non profit application packet

okay so in this video i wanted to address a common question i get for new corporate formations which is do i need a board of directors so this often comes up when i have a client that just forms a corporate entity and they're the only shareholder and they're asking well do i need this board of directors and does that have to be multiple people i'm the only person in this business so what are my options now the short answer is yes every corporate entity needs to have a board of directors but every state has different rules on who can serve and how many you need okay so because each state has their own rules you really need to look closely at the state statutes and regulations where you decide to form the entity because that's going to drive what kind of corporate formalities you need to follow in this slide here i've got just two examples and the reason i pick these two is it's going to highlight this variation in how many directors you ne

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