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In this tutorial, Michael Lapete discusses the importance of organizing your corporation immediately after incorporation. He outlines key components of internal organization, including identifying shareholders, directors, and officers. Shareholders are the owners and stockholders, akin to owning shares in a company like Apple; they hold no liability and do not manage the company. The director, elected by shareholders, is responsible for making key decisions and is liable for the company's operations. Understanding these roles is essential for effective corporate structure and governance. This video marks the first part of a series on incorporating a business.
