How To Choose Your Corporation's First Board Of Directors

How do I choose my corporation's first board of directors?

There are a few ways of choosing your corporation's first board of directors. Typically if you have someone like a lawyer or an online company that set up your corporation, they will be the incorporator; the person who formed it. However, they won't necessarily be a member of the board of directors. What will typically happen is the incorporator will have a first meeting that they will assign, where they will elect directors of the corporation. That can be 1, 2, 20, 200 people; however many you want as the board that is going to be organising and overseeing the company. Additionally, one individual can start up the company; they can start it up not as an incorporator, but start it up as a single director, and any with shareholder (if you're a sole director and sole shareholder) you can have a first shareholder's meeting and you can name additional directors then. Also, after a company's been going for a while (every year typically at an annual meeting of shareholders; shareholders are the people that typically elect directors) you can increase the number of the board, you can add new directors, and a lot of times, in the middle of a company, if someone decides to resign and there is a vacancy, the other members that are present can fill that vacancy without there being an action of the shareholders. It can just be ratified and redone at the next meeting.