Corporations are controlled primarily by state, not federal, law. This means that 50 different sets of rules cover how corporations are created.
Terminology differs from state to state.
Fortunately, the similarities in corporate procedure outweigh the differences, so most of what you find in this chapter will apply to your own situation. Nevertheless, watch out for the differences. We'll look at those roles here. But, in virtually every state, there's a way that you can set up a corporation in which one or two people play all roles. Law in the real World - Keeping a Hand in the Business Anne opened a small business providing customized bookkeeping software for manicurists.