I want to Know about Corporation?

Question

1) It is compulsory to be registered State wise in whole USA?

2) How can I hold more shares if Company goes Public?

3) Can I appoint Director myself or they are going to be Shareholders

4) It is compulsory for Corp to go Public since Mozilla Corp. is not Pubilc, its Private?

Answer 1

It has to be formed by a state and registered in any state it does business in. You can hold shares in your name, going public is a complicated and expensive process and is up to the company. Shareholders appoint Directors, if you are the shareholder(only one) you have all the say.