I am currently writing up my CIC application (ltd by guarantee), but am discovering more and more than funding usually require 3 directors at least.
I have a deadline as my community bookshop is due to open in January and I don't want to add anyone willy nilly.
1) Can I add directors later on, when I want to apply for funding?
2) What are the responsibilities of each director to the company and vice versa?
3) Can there be one main director (me, running the thing) and subsidiary (just advisory/voting?) Can I take a salary and not them? Do they have the same responsibility as me?
HUGE thanks in advance – I'm lost!!