Corporate Directors

Nevada Law requires each corporation to have a Board of Directors. The Board of Directors in a Nevada corporation may consist of one or more persons. Each Director must be at least 18 years of age. Directors do not need to be residents of the state of incorporation.

All corporate powers of a corporation are exercised by or under the authority of the Board of Directors. The business and affairs of the corporation is managed under the direction the Board of Directors.

You E-Book provides for 1-5 Directors. There may be a single director or up to five. When designating a Board of Directors be cognizant of the potential for a deadlock in voting. Usually, a Board of Directors will have an odd number of Directors to avoid deadlock situations; however there is no legal requirements that there be an odd number of Directors.

The Board of Directors is constituted in the organizational formalities that follow the incorporation of your company. Generally, the Board of Directors is elected by the Shareholders.

Our Corporate Kit E-Book contains all the documents necessary to initially appoint your Board of Directors.

In order to properly follow corporate formalities, you should reelect your Board of Directors at each annual meeting of the Shareholders. Annual minutes of the Shareholders electing directors is included in our Small Business Package.

Nevada Statutes Section 78.150 requires each corporation organized under Nevada Law to file a list of officers, directors and resident agent with the office of Secretary of State. This Form must initially be filed no later than the first day of the second month after a corporation's Articles of Incorporation are filed. Thereafter, the form must be filed annually. The Secretary of State will mail the form to the corporation's resident agent upon the filing of Articles of Incorporation and before the annual filing date thereafter. The fee for filing this statement is $85.00.