How many directors and officers are required to form a corporation?
In California, one person is enough to form a corporation. The same person may hold the offices of president, secretary and treasurer and may be the only person on the board of directors. The officers manage the daily business of the corporation based on the instructions of the board of directors. If you have more than one shareholder, then you need to have different parties holding different positions.
In most states, one person is enough to form a corporation. The same person may hold the offices of President, Secretary and Treasurer and may be the only person on the Board of Directors. The officers manage the daily business of the corporation based on the instructions of the Board of Directors.
