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Launch · Month 1
Board Creation Guide
Form the founding board the IRS requires to incorporate.
Overview
Most states require a minimum number of directors to incorporate, and the IRS expects a board that is independent of staff and family. This module covers how many founders to recruit, what a board's legal duties are (care, loyalty, and obedience), how to recruit your founding directors, and how to document their appointment in your first board meeting minutes.
What you'll be able to do
- Recruit the right number of founding directors for your state
- Understand the three fiduciary duties every director owes
- Avoid the independence red flags the IRS watches for
- Document the founding board in legally valid first minutes
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Preview above · full walkthrough below
The overview, outcomes, and deliverable above are free to preview. The complete lesson-by-lesson walkthrough unlocks with the access code you receive on your enrollment confirmation page after checkout.