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LuQman M. Abdullah's Blog (1)

BTS, Inc. Board Membership

Date: 1/28/2009



Re: Back To Society (BTS), Inc. Reorganization of Board Membership



A corporation, whether for-profit or nonprofit, is required to have a governing Board of Directors. To explain, a corporation can operate as a separate legal entity, much like a person in that it can own bank accounts, enter into contracts, etc. However, the laws governing corporations require that a corporation ultimately is accountable to its owners (stockholders in the case of for-profits… Continue

Added by LuQman M. Abdullah on January 28, 2009 at 8:42am — 2 Comments

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