Is it possible to have just one person on the board of directors?

Question

Is it possible to have just one person on the board of directors in a private company or should it be a minimun of three?

Answer 1

You should check with your state's Secretary of State to see if there are any restrictions in that state.

In CA at least, it is possible (though maybe not advisable). Below is an extract from the CA Code. See the last sentence:

(7) A majority of the authorized number of directors constitutes a
quorum of the board for the transaction of business. The articles or
bylaws may not provide that a quorum shall be less than one-third
the authorized number of directors or less than two, whichever is
larger, unless the authorized number of directors is one, in which
case one director constitutes a quorum.

Answer 2

It may be possible, depending on a specific nation's laws. However , the U.S. generally requires 3 or more.