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by hobbyjogger 1673 days ago
Delaware (and all or at least most other states) requires at least one member on the board of directors for any corporation, whether it's private or public.
2 comments

For bootstrapped (for lack of a better term) companies these "boards" are pure formalities; it's a running joke among bootstrappers that they flip a coin to figure out who the listed corporate officers are going to be.
The incorporator, board member, investor, CEO (President), Treasurer, Secretary, and sole employee can all be the same person.