Theater
Jun 15, 2011
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The reason you don't "need" a Board is because your "collective" is a single-member for-profit Limited Liability Company, and you ain't the sole member. (See http://www.sos.wa.gov/corps/search_detai…). I don't know Mr. Epstein (he sounds like a great guy who genuinely loves theater) but make no mistake-- he's The Boss. Also, as Brendan notes, he's The Landlord.
So I hope you all stay on his good side, everyone stays friendly if money becomes an issue, someone's keeping up on the taxes, and it doesn't turn into a big ass-polishing festival.
Personally, I'd prefer a Board (with all the trappings of voting, notice, and consensus-building) to a Boss. But congratulations, Mr. President. I hope you get to wear a really fancy hat.