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Delaware (and all or at least most other states) requires at least one member on the board of directors for any corporation, whether it's private or public.
by hobbyjogger 5y ago
Delaware (and all or at least most other states) requires at least one member on the board of directors for any corporation, whether it's private or public.
- tptacek 5y agoFor bootstrapped (for lack of a better term) companies these "boards" are pure formalities; it's a running joke among bootstrappers that they flip a coin to figure out who the listed corporate officers are going to be.
- nostrademons 5y agoThe incorporator, board member, investor, CEO (President), Treasurer, Secretary, and sole employee can all be the same person.