One-person corporations are legal in many states, and Maryland is one of them. Although any corporation should have a board of directors to hold meetings and vote, a small corporation does not have to necessarily include a "room full of suits", as says Michael Hanley, an accountant at Merl & Hanley in Smithtown, N.Y. Sole-director boards are typical for single-shareholder corporations, and such a structure does not have to create any difficulties in holding an annual meeting or keeping minutes for a sole director and the 100 percent owner of his own corporation.
C. Dickinson Hill, a business attorney from Los Angeles, says that a written consent is the most appropriate form to accomplish a required meeting for a one-person corporation. Gerald Bloch, ...
Incorporation in Maryland
One-person corporations are legal in many states, and Maryland is one of them. Although any corporation should have a board of directors to hold meetings and vote, a small corporation does not have to necessarily include a "room full of suits", as says Michael Hanley, an accountant at Merl & Hanley in Smithtown, N.Y. Sole-director boards are typical for single-shareholder corporations, and such a structure does not have to create any difficulties in holding an annual meeting or keeping minutes for a sole director and the 100 percent owner of his own corporation.
C. Dickinson Hill, a business attorney from Los Angeles, says that a written consent is the most appropriate form to accomplish a required meeting for a one-person corporation. Gerald Bloch, ...
