Choosing the right employees is just as important to the success of your business as selecting the right vendors, business strategy, and marketing. By planning well, you can and determine the types of workers you need to successfully produce that will help support your products and service.

Potential lenders and investors will examine your hiring procedures to make sure you have the expertise you need on board to run a successful business.

You’ll want to have a competent corporate staff that has expertise in their field and experience in their position. Many of your staff members will also serve as members of the board of directors or site in on your board meetings.

When you make the decision to incorporate your business, you commit to a different framework than that of a sole proprietorship. With less personal liability comes more corporate responsibility, which means that even if you are operating as an individual, you are legally required to have a board of directors for your corporation.

Board sizes vary by state law. Typically, the number of directors on the board cannot exceed the number of corporate shareholders. Most states require that your board of directors is made up of no fewer than three people.

Starting from scratch, it’s easy to guide your company in the right direction by selecting a competent board of directors to help you with your decision making, no matter how large or small your budget.

There are a few considerations you need to take before jumping in and selecting your board as well as your corporate team.