Am I required to have directors' meetings for my non-profit corporation?
Yeah you're required to have meetings actually for pretty much most corporations, and under most state laws they want at least have an annual meeting where you elect the officers of the corporation. Now in non-profit corporations, you also have some extras depending on your state. In other words, in many states they want to make sure that some of the directors are not in the day to day running of the business, whereas for most for-profit corporations you can have, like, three directors be the three founders who work every day at the business. And the reason for this is pretty obvious. They want to make sure that no three people are kind of colluding to hide the profits or to pocket them or to embezzle money. And they want to make sure that since this is either a charity or some sort of, you know, some sort of a corporation for the betterment of humanity that it's actually going to that. So meetings are very essential, having individuals who are independent is also very essential. I think that having people who are connected, whether it's politically or socially in the area is always great. For instance, if you were going to start up a non-profit and it was going to be to help train inner city youth in music, let's say in woodwinds, you might want to go to the local philharmonic and find the person who's directing it, and ask them to sit on the board. Because they are a person who understands music, and they are a person who's interested in music and they would lend some credibility to your organization. The organization really is formed to help the children with their music.
