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Can a single person be both a director and an officer?

April 26, 2017director officer person

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Can a single person be both a director and an officer?

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Yes, in Delaware one natural person can be the President, Secretary, Treasurer and Director of a corporation, without disclosing the name in the Certificate of Incorporation. If provided for in the Certificate of Incorporation, the director(s) are allowed to change the bylaws of the Corporation. For an LLC, one person can be the owner and managing member. Minor children may be members of an LLC. Companies and trusts may be members of an LLC. The exclusive remedy to a creditor of a member of the LLC is the charging order, which generally precludes a liquidation of the assets in the LLC and only gives the creditor a non-voting interest which does not impact the management control of the company.