Which of the following statements is accurate about a general meeting quorum for a private company with a single member?

Which of the following statements is accurate about a general meeting quorum for a private company with a single member?

• A. Quorum is 1 member
• B. Quorum is 2 members
• C. Quorum is the majority of members
• D. Quorum is the board of directors

Answer: (A)

Quorum is the minimum number of members needed to hold a general meeting and legally transact business. In a private company that has only one member, that single person already meets the requirement, so the meeting can proceed and the member can vote and pass resolutions. The other options don’t fit: requiring two members would be impossible with only one member; “majority of members” doesn’t apply meaningfully when there is just one member; and the board of directors relates to director meetings, not the general meeting of members.

Quorum is the minimum number of members needed to hold a general meeting and legally transact business. In a private company that has only one member, that single person already meets the requirement, so the meeting can proceed and the member can vote and pass resolutions. The other options don’t fit: requiring two members would be impossible with only one member; “majority of members” doesn’t apply meaningfully when there is just one member; and the board of directors relates to director meetings, not the general meeting of members.