Wayne, Thank you for your thoughtful reply. Q-1: I completely understand your owner's position on a not establishing a governing board. When ownership is the sole source of authority there is no need for a governing board. If ownership ever decides to bring on additional investors and the number becomes too large to control the company then a governing board should be established. Q-2: Good response to the rationale for an advisory board. Curriculum input is generally the primary reason for engaging an advisory board. As you will see from the balance of the course, managing their input to the curriculum process can be extremely beneficial. Receiving input for content and balance is a good reason for their existence, but as you will see they also have many other contributions to make. I like the concept of the "master mind group" and would like to know how you plan to maximize their contributions along the lines you identified. R. Roehrich