What is a Board of Directors
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What is a Board of Directors

What is a Board of Directors
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What is a Board of Directors
All Corporations are required to have a Board of Directors. Directors are the people who will set policies for the Corporation and manage the business and its resources. In the majority of small Corporations Directors are the owners. The Articles of Incorporation or Corporate Bylaws may define specific qualifications for Directors. The Board of Directors may consist of one or more persons.

The Board of Directors is responsible for creating rules, approving budgets and distributing profits to shareholders. One of the most important duties of the Board of Directors is electing Officers for the Corporation. The same person may be a Director and an Officer at the same time. Directors need not be residents of the state in which the business is incorporated or shareholders of the Corporation unless the Articles of Incorporation or Bylaws require it.

Normally Directors of a Corporation are elected for a term of one year. Elections are held at the annual meeting of Shareholders. The Directors serve until the next annual Shareholders meeting.
 



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Incorporation
State State
Processing Fee
State
Processing Time
Alabama$150.00 15-20 business days
Alaska$250.00 15-20 business days
Arizona$60.00 10-12 business days
Arkansas$50.00 10 business days
California$135.00 1-2 weeks
Colorado$50.00 5 business days
Connecticut$250.00 4-6 business days
Delaware$89.00 5-7 business days
District of Columbia$220.00
Florida$70.00 5-7 business days
Georgia$100.00 15 business days
Hawaii$50.00 15-20 business days
Idaho$100.00 5-7 business days
Illinois$281.25 3-5 business days
Indiana$93.00 7 business days
Iowa$50.00 5-7 business days
Kansas$90.00 2-3 business days
Kentucky$50.00 5-7 business days
Louisiana$75.00 1-2 weeks
Maine$145.00 3-4 business days
Maryland$120.00 7-8 weeks
Massachusetts$275.00 2-3 business days
Michigan$60.00 5-7 business days
Minnesota$155.00 3-5 business days
Mississippi$50.00 8-10 business days
Missouri$58.00 8-10 business days
Montana$70.00 10-12 business days
Nebraska$65.00 8-10 business days
Nevada$75.00 7-10 business days
New Hampshire$100.00 2-3 weeks
New Jersey$125.00 1-2 business days
New Mexico$100.00 2-3 weeks
New York$135.00 7-10 business days
North Carolina$125.00 5-7 business days
North Dakota$100.00 5-8 business days
Ohio$125.00 1-2 weeks
Oklahoma$50.00 2 weeks
Oregon$100.00 2-3 business days
Pennsylvania$125.00 7-10 business days
Rhode Island$230.00 8-10 business days
South Carolina$263.00 3 weeks
South Dakota$150.00 2-3 weeks
Tennessee$100.00 1-2 business days
Texas$300.00 5-7 business days
Utah$70.00 5-8 business days
Vermont$125.00 3-5 business days
Virginia$100.00 3-4 business days
Washington$180.00 5-7 business days
West Virginia$50.00 8-10 business days
Wisconsin$100.00 5-7 business days
Wyoming$100.00 10-12 business days
 
Limited Liability Company (LLC)
State State
Processing Fee
State
Processing Time
Alabama$100.00 15-20 business days
Alaska$250.00 15-20 business days
Arizona$50.00 10-12 business days
Arkansas$50.00 10 business days
California$105.00 1-2 weeks
Colorado$50.00 5 business days
Connecticut$120.00 4-6 business days
Delaware$140.00 5-7 business days
District of Columbia$220.00
Florida$155.00 5-7 business days
Georgia$100.00 15 business days
Hawaii$50.00 15-20 business days
Idaho$100.00 5-7 business days
Illinois$500.00 3-5 business days
Indiana$90.00 7 business days
Iowa$50.00 5-7 business days
Kansas$165.00 2-3 business days
Kentucky$40.00 5-7 business days
Louisiana$115.00 1-2 weeks
Maine$175.00 3-4 business days
Maryland$120.00 7-8 weeks
Massachusetts$520.00 2-3 business days
Michigan$50.00 5-7 business days
Minnesota$135.00 3-5 business days
Mississippi$50.00 8-10 business days
Missouri$105.00 8-10 business days
Montana$70.00 10-12 business days
Nebraska$100.00 8-10 business days
Nevada$75.00 7-10 business days
New Hampshire$100.00 2-3 weeks
New Jersey$125.00 1-2 business days
New Mexico$50.00 2-3 weeks
New York$200.00 7-10 business days
North Carolina$125.00 5-7 business days
North Dakota$135.00 5-8 business days
Ohio$125.00 1-2 weeks
Oklahoma$100.00 2 weeks
Oregon$100.00 2-3 business days
Pennsylvania$125.00 7-10 business days
Rhode Island$150.00 8-10 business days
South Carolina$110.00 3 weeks
South Dakota$150.00 2-3 weeks
Tennessee$300.00 1-2 business days
Texas$300.00 5-7 business days
Utah$70.00 5-8 business days
Vermont$125.00 3-5 business days
Virginia$100.00 3-4 business days
Washington$180.00 5-7 business days
West Virginia$100.00 8-10 business days
Wisconsin$170.00 5-7 business days
Wyoming$100.00 10-12 business days
 
Good Standing Certificate
State Corporation LLC
Alabama* $62.00 $62.00
Alaska* $44.00 $44.00
Arizona* $79.00 $79.00
Arkansas* $62.00 $62.00
California  $60.00 $60.00
Colorado* $34.00 $34.00
Connecticut* $84.00 $84.00
Delaware* $95.00 $95.00
District of Columbia* $100.00 $100.00
Florida* $38.00 $38.00
Georgia* $44.00 $44.00
Hawaii* $41.50 $41.50
Idaho* $45.50 $45.50
Illinois* $81.00 $81.00
Indiana* $56.00 $56.00
Iowa* $39.00 $39.00
Kansas* $49.00 $49.00
Kentucky* $44.00 $44.00
Louisiana* $80.03 $59.00
Maine* $64.00 $64.00
Maryland* $74.00 $74.00
Massachusetts  $85.00 $64.00
Michigan  $44.00 $44.00
Minnesota  $95.00 $95.00
Mississippi* $61.00 $61.00
Missouri* $44.00 $44.00
Montana* $44.00 $44.00
Nebraska  $65.00 $65.00
Nevada* $84.00 $84.00
New Hampshire  $60.00 $60.00
New Jersey* $59.00 $84.00
New Mexico  $105.00 $105.00
New York  $115.00 $115.00
North Carolina* $46.00 $46.00
North Dakota  $75.00 $75.00
Ohio* $39.00 $39.00
Oklahoma* $54.80 $60.00
Oregon* $49.00 $49.00
Pennsylvania* $74.00 $74.00
Rhode Island  $77.00 $77.00
South Carolina  $65.00 $65.00
South Dakota  $75.00 $75.00
Tennessee* $56.25 $56.25
Texas* $49.00 $49.00
Utah* $46.00 $46.00
Vermont  $75.00 $75.00
Virginia* $51.00 $51.00
Washington  $75.00 $75.00
West Virginia* $44.00 $44.00
Wisconsin* $44.00 $44.00
Wyoming* $44.00 $44.00
*  2-3 hour same day service available
 
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