Can one individual hold a nonprofit's three company officer positions (President, Treasurer, Secretary)?

Can one individual hold a nonprofit's three company officer positions (President, Treasurer, Secretary)?

The answer largely depends on the state you are operating or domiciled in. Some states will allow this; however, individuals cannot sign documents for two roles. There may also be issues if you plan to open a bank account. Even if a state doesn't require all three, you still need all three for the 501(C)(3) tax exemption application. At BryteBridge, we suggest having all three regardless, as it provides good corporate governamance and aligns to the IRS requirments.


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