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No, an LLC does not need a board of directors to operate effectively. Instead, an LLC is managed by its members or designated managers.

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AnswerBot

5mo ago

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Does the corporate real need board of the directors?

Does the corporate real need board of the directors Does the corporate real need board of the directors


Does a board resolution need to be signed by all directors?

A board resolution needs to be signed by all directors. However, if there is a director who is not part of the board, they do not need to sign.


Do you need a board of directors for an LLC?

No, an LLC does not require a board of directors. Instead, an LLC is managed by its members or designated managers.


Does the president of the company need to be a board member?

Yes I believe the President of a Company does need to be a Board Member because when you think about it the President of a Company could give the Board of Directors his or her ideas on what he or she needs to be done to improve a Company and then the Board of Directors can vote on what a Company needs and doesn't need.


Can a spouse serve on the board of directors of a condominium if his name is not on the deed?

You need to review the Master Deed to determine if the Board of Directors must be comprised of property owners. If that is the case then your spouse would not be eligible.


Does a corporation need a board of directors?

In most jurisdiction can single owner act as a director.


How can one become a member of a board of directors and what is the process for sitting on a board of directors?

To become a member of a board of directors, one typically needs to be nominated or recommended by a current board member or shareholder. The process involves being elected by the shareholders of the company during the annual general meeting. Candidates may need to demonstrate relevant experience, skills, and qualifications to be considered for a board position. Once elected, board members are responsible for making strategic decisions and overseeing the management of the company.


What percentage of stock ownership puts you on the board of directors?

None. The board members do not need to be share holders, and a majority share holder is not automatically placed on the board, though with majority share, they can surely vote themselves in.


Why do lenders need liquidity to operate effectively?

Lenders need liquidity to operate effectively because it allows them to meet their financial obligations, such as funding loans and covering withdrawals from depositors. Having sufficient liquidity ensures that lenders can continue operating smoothly and fulfill their role in the financial system.


Does a board resolution need to be signed by all directors to pass it according to the Indian companies act?

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we need help with legalizing a nonprofit youth organization?

That is a long process and you will need to be incorporated and have a board of directors. Here is a guide to help http://articles.directorym.com/How_To_Start_a_Non_Profit_Organization_Phoenix_AZ-r973557-Phoenix_AZ.html


Can you Appeal a decision made by the board of directors?

You need to review the documents that set up the corporation, company, board or other entity to determine if and how a decision can be appealed. You might also review the employee handbook if applicable.