The attorney should be deeply involved in every phase of the formation and growth of the business. Officers, however do not need to have a prior agreement to receive compensation. An officer or director may be reimbursed for expenses which arise out of litigation. It may be authorized by board of director action, by independent counsel, shareholder action or by an order of the court. Shareholders and officers have liberal inspection rights.
Directors have an absolute right to inspect corporate books.
Shareholder have certain inspection rights, although not absolute.