Can a California corporation have only one individual filling all of the following roles: President/CEO, Treasurer/CFO, Secretary, Director, and sole shareholder?
Yes (provided it is not a non-profit corporation). Although the California Corporations Code requires that every corporation have, at a minimum, a President/CEO, Treasurer/CFO, and a Secretary as its Officers, and at least one director (only if there is only one shareholder, otherwise the minimum is generally three), one individual person is allowed to fill all of these roles. A corporation in California may have only one individual performing the roles of all officers and director of a valid California corporation. Every California corporation must have a President/CEO, a Secretary, and a Chief Financial Officer/Treasurer. Any number of offices may be held by a single person unless the Articles or Bylaws provide to the contrary (note again, however, that this is not true for Nonprofit Corporations). The officers are typically appointed at your first meeting of the board of directors, or alternatively, by having the directors sign a resolution so appointing them (called an “Action by U
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