What are Directors and Officers?
Directors are appointed by the corporate shareholders and they manage the business and affairs of a Corporation. Officers are appointed by the board of directors and are responsible for the day to day operations of the Corporation. The most common officer titles are president, vice president, secretary, and treasurer. One person may act as a director and as an officer. In Virginia, only one director is required. We recommend that you have at least two officers- a President and Secretary. One person can serve in both offices.
The directors manage the business and affairs of a Corporation and are appointed by the Corporations shareholders. Officers are appointed by the board of directors and are responsible for the daily operation of the Corporation. Common officer titles are president, vice president, secretary, and treasurer. Often with small businesses, one person will act as shareholder, director, and officer. In almost all states, only one director and/or officer is required.
The directors manage the business and affairs of a Corporation and are appointed by the Corporation’s shareholders. Officers are appointed by the board of directors and are responsible for the daily operation of the Corporation. Often with small businesses, one person will act as shareholder, director, and officer.
