Does an LLC have a board of directors?

Answer One of the major differences between a corporation and an LLC is that a corporation may have a board of directors serve as its governing body. LLCs don't have shareholders or a board of directors.S... Read More »

Top Q&A For: Does an LLC have a board of directors

How many members does the FDIC board of directors have?

According to the Federal Deposit Insurance Corporation (FDIC) website, the FDIC has five board members. Each member is appointed by the United States president and approved by the Senate. Only thre... Read More »

Is it legal to maintain an hoa without a board of directors board members terms were up may 2010 and meeting to vote on a new board was canceled by them you have a management co following them?

Read your governing documents to understand how long elected directors serve when no annual meeting takes place. As well, read there whether or not an annual meeting 'shall' take place, and the age... Read More »

Is a condo association required to have a board of directors?

If the association is a corporation -- and in most states, this is true: associations are usually non-profit corporations, the state may require that the corporation have a board of directors. With... Read More »

Do Condominium associations have to have A Board of directors?

Yes, many (and maybe all) condominium associations have boards of directors. This style of real estate ownership -- an association -- is a business. The business is properly registered with the Sec... Read More »