Can the same person be the shareholder, director and all officers of a corporation?
While jurisdictions will vary in their requirements, most states require that there be at least one director and two officers, in a general, for a for-profit corporation. The required officers are President and Secretary. Most states allow one natural person to hold both offices and be the sole director of the corporation. Usually, that one person may also be the sole shareholder. A corporation may not be a director of another corporation.
While jurisdictions will vary in their requirements, most states require that there be at least one director and two officers, in a general, for-profit corporation. The required officers are President and Secretary. Most states allow one natural person to hold both offices and be the sole director of the corporation. Usually, that one person may also be the sole shareholder. A corporation may not be a director of another corporation.
While jurisdictions will vary in their requirements, most states require that there be at least one director and two officers, in a general, for-profit corporation . The required officers are President and Secretary. Most states allow one natural person to hold both offices and be the sole director of the corporation. Usually, that one person may also be the sole shareholder. A corporation may not be a director of another corporation.
While jurisdictions will vary in their requirements, most states require that there be at least one director and two officers, in a general, for-profit entity . The required officers are President and Secretary. Most states allow one natural person to hold both offices and be the sole director of the entity. Usually, that one person may also be the sole shareholder. A corporation may not be a director of another corporation.
