A director can help guide your business to success. When you incorporate your business, the application will ask for a complete list and mailing addresses of your directors.
- You can incorporate without any outside directors. If you choose, you can be the sole officer of the company without any directors, encompassing all functions.
- Investors usually ask for a board of directors. Investors want to see that you are receiving advice outside of your own expertise.
- The number of directors will depend on the complexity of your business. Small businesses can have three or four, while larger corporations will have 20 or 30 directors.
- The number of meetings you have with your directors will depend on the dynamics of your enterprise. If your business is fast-paced with changes occurring frequently, then you will meet monthly, while a slower-paced business will meet once or twice a year.
- Invite directors who can provide a diverse scope of perspectives and experiences. They may include financial, operations, marketing and management experience.
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