What are incorporators?
During start-up, the incorporators control the corporation. The incorporators elect and appoint the initial Board of Directors, who control the corporation during their initial term and are primarily responsible for all management decisions. The initial Board of Directors also oversees the issuance of the corporation’s stock to its initial shareholders. The statutes that govern corporations require the Board of Directors to consult the shareholders on major corporate changes. The corporation’s officers are appointed by the Board of Directors and perform the duties delegated to them by the Directors. The officers are responsible for the day-to-day operation of the corporation’s business.